Cryptos Struggle
The crypto market continues to be under pressure due to a variety of reasons, not the least being the fact that twitter has gone ahead and blocked ads for crypto on its platform and in this action, it has joined FB and Google in banning such ads. But the weakness in the markets had set in much before that and it looks like we will be having a period of consolidation for sometime before the traders decide which way to move the prices too. Ripple has been one of the major losers in this move lower and there does not seem to be any end in sight in the immediate future. It remains to be seen how long the bearish run will last.
Stocks Recover
The stock markets around the world seem to be in a mode of recovery as the risks begin to return slowly to the markets over the last 48 hours. The markets had been rocked due to the fears of a global trade war but with not much of action following up the threats from the various countries, there has been a lull in the markets and this has helped many of the investors and traders around the world to slowly start bottom fishing and picking up many stocks at cheap prices. This has led many of the major stock markets to stage a turn around and this has helped the stock markets to recover in a strong manner and now there is a strong feeling that the recovery is likely to continue in the near future and this should help the stock indices to move up even further in due course of time. It depends on the general risk sentiment around the world and it remains to be seen whether the investor have enough remaining in the tank for them to push their case even further.