There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
Suddenly the Dow Jones index is very popular everywhere and I believe that this is also affecting the bitcoin or crypto exchanges also. Because it seems that people are taking the whole thing out of fear and they think that the fall in Wall Street might just affect it adversely. So surely the bitcoin fall is really temporary and I believe that we gonna enjoy the upcoming days for the bitcoin. I mean it could happen that people might just choose crypto currencies so that the number of investors here will increase dramatically and thus we will enjoy increased market cap. The prices are going to increase too so just seat tight and hold your bitcoins. :-) There is no crisis its just good news for us.
Im in with your explanation and its quite make sense. maybe the decreasing of price in US stock exchange can make bitcoin comes more stronger, because the investors finally will see the greatness of btc rather than the common trading stocks.
Its only a speculation of people reading the movement on the US stock market, the digital crypto currency was not affected by the said turn of event on the US stock exchange, it event show some movement favorable to the Bitcoin project investors, it is worthy to monitor the reaction on the crypto currency market trading on the treed. But if we look back on the market preview, the crypto market trading on Bitcoin is more favorable for investor, with good fundamentals, stable price market value, increasing the demands on Bitcoin project investment, the level of confidence on the market trading is very high. Crisis was already in the market history so, nothing to worry.