certify
Home arrow Article arrow Article Detail

Pfizer’s vaccine showed 90% effective results with the drop in price of Cryptocurrencies

Profile Image

Crypto Business World Follow

INDIA

Nov, 18 2020

Nov, 18 2020

likes | comments 0

Article Image

On Monday, the price suffered a drop of near $ 1000 within hours after the effective trial of Pfizer’s vaccine that showed around 90% results in preventing coronavirus infections. On the same day, bitcoin rallied over $ 200.


In the early morning around 8:30 a.m. after the announcement of Pfizer, the sell off went from $ 15,842 to as low as $ 14,845. Today, it feels divergent from the probable profit-taking that appeared over the weekend.


As per the reports, now the prices have taken a break from a rally after hitting highs of 2020 the past week. An average price based on both volume and price has been given by the VWAP at which an asset is traded throughout the day.


In accordance with Leow, they are going to enter the whipsaw markets in the short run as they typically follow huge gains. The move up from $ 13,900 to $ 15,900 during last week is actually mesmerizing as it happened with few liquidations and with very less corrections.

Since the declaration of the results of U.S. election, the traditional markets are seeing crucial action on the first trading day i.e. Monday. In early 2021, Joe Biden, the Former Vice President is all set to take office.


On one hand, where S&P touches 500 which is an all time high record, on the other hand, Pfizer COVID vaccine is showing strong promises. It will be very interesting to see how BTC will behave in the upcoming weeks.


In the last few weeks, there has been a rise in BTC and S&P . Btc is trading at the levels which are not seen since 2017. It would be interesting to see whether the trend would revert or the outperformance will be continued.


likes | comments 0

Profile Image

Crypto Business World

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
DeFi Protocol SeaSwapSui Steals $32k From Investors

It was discovered by CeriK Alert that the decentralized exchange platform SeaSwap has scammed its users out of around $32,000 worth of SUI tokens;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.