Quote from: Xangle on February 03, 2020, 09:53:00 AM

[Xangle Briefing] Shanghai Stock Market down by 8% while Bitcoins 7-Day On-chain Transaction Volume is up by 45%
- 2.74 million new wallets within the last 7 days
- Investors should watch for impact of Januarys economic indexes like the ISM Manufacturing Index

According to the crypto disclosure platform Xangle, Bitcoins 7-day on-chain transaction volume has increased by 44.29% to $71.5B USD, and Ethereums volume increased by 35.45% to $1.7B USD. There were 2.74M new wallets on the Bitcoin network, and 520K on Ethereum. Alternatives Crypto Fear & Greed Index stands at 57 for greed, indicating optimism in the market.

To the contrary, due to the Coronavirus outbreak, the Shanghai stock market opened after 6 days of suspended trading to start at -8.05%. The S&P VIX index increased by 21.63% to reach the highest point since October last year, an index which indicates the level of volatility expected for the next 30 days.

Investors are cautioned to look out for the release of Januarys economic indexes which could have an influence on the token prices.

When "something" happens to the economy, it is common to see investors seeking refuge in metals and bitcoin. Currently China is getting closed down due to the wuhan coronavirus outbreak, i think they extended holidays to a month and they have quarantined cities and they even built a 1000 patient hospital in 10 days.

But this virus seems to be spreading around the world, it is unfortunate but expect a bit of an uptrend due to this unforeseen event (which might add to the halving expectancy).