Stocks, commodities and Bitcoin traded in green numbers again on Thursday. The cryptocurrency added an almost 10% jump shortly after US markets opened. Assets and investments thrive in every market. Why is this so when the number of unemployed Americans is the largest in almost 100 years? The Dow Jones index is even trading 450 points higher.
Stocks and the Dow Jones index are rising: Did they take BTC with them?
The number of unemployed Americans is getting higher and higher. Despite half the planet sitting at home, stock prices are rising to dizzying heights. For example, Amazon shares are traded on their ATH. Bitcoin was not late either and took advantage of the new situation. Can it stay that way, or is it just a rebound before the collapse?
Historically, every black swan has been a reflection of a return to optimism. However, it was premature. For example, oil is still trading 70% less than at the beginning of the year. And the demand for it will miraculously not return to its original numbers.
Amazon and Tesla are doing most well on the stock market, and they are expected to continue to grow. Likewise, Bitcoin prepares for a good buy position before halving.
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