ACCESS Newswire
25 Mar 2020, 00:14 GMT+10
MADRID, SPAIN / ACCESSWIRE / March 24, 2020 / Since the coronavirus alert was triggered in China in late 2019, the markets have suffered an unprecedented global downturn, a downturn that does not, however, affect trading results in crypto-fiat arbitrage, according to mind.capital
This situation that is being experienced has the fear as a protagonist in various aspects of society. The measures that have had to be taken in order to put an end to it have generated a situation of historical crisis.
Businesses and companies, both global and local, have been affected and the brake on the economy at all levels is more than evident, even more with the uncertainty and fear that generates some unknown end and consequences.
All markets have suffered historic losses and virtually no market has been spared. The real estate market, the international stock markets, gold, even Bitcoin itself, which has long been defined by lovers of the crypto world as a refuge value, has suffered one of its biggest falls, up to 20% in a single day, not to mention other cryptoactives such as Ether which has even lost 30%, according to mind.capital.
The reason for these falls has undoubtedly been the fear that has driven crypto users to sell looking for more liquidity at a time of great current uncertainty and lack of information about when and how the recovery from normality will begin.
Paradoxically, in a situation of debacle in most markets, products based on the crypto market, especially crypto-fiat arbitrage, such as mind.capital, not only resist but have not been affected, since positive results in arbitrage operations are possible thanks to two factors, the decentralization of the market itself and the fluctuations in value of both crypto and fiat currency.
Decentralization is part of the very nature of this market and the fluctuations in value are not affected by the crisis since, although crypto-actives have been less quoted, volatility only favours arbitrage strategies.
CONTACT:
Óscar and Gonzalo García-Pelayo
VP and CEO of Mind.Capital
+34 910 78 02 34
([email protected])
SOURCE: Mind Capital
Get a daily dose of California Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to California Telegraph.
More InformationTHE VATICAN - U.S. President Donald Trump met privately with Ukrainian President Volodymyr Zelenskyy in St. Peter's Basilica in Vatican...
WASHINGTON, D.C.: This week, Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said they plan to remove artificial...
WASHINGTON, D.C.: The United States plans to press India for sweeping changes to its e-commerce policies as part of negotiations aimed...
LONDON, U.K.: British Prime Minister Keir Starmer and New Zealand Prime Minister Christopher Luxon decided to strengthen their countries'...
WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) is stopping a quality control program that tests milk and other dairy...
WASHINGTON, D.C. A Delta Air Lines plane with nearly 300 people on board had an engine fire after leaving the gate at Orlando International...
TOKYO, Japan: Toyota's Hino Motors and Daimler Truck's Mitsubishi Fuso are edging closer to a long-awaited merger of their truck operations,...
WASHINGTON, D.C.: The United States plans to press India for sweeping changes to its e-commerce policies as part of negotiations aimed...
BEIJING, China: China's automobile exports rose sharply in the first quarter of 2024, with 1.54 million vehicles shipped abroad, marking...
BEIJING, China: At Home Plate BBQ in Beijing, the iconic Texan brisket is about to get a new passport. The restaurant, known for its...
NEW YORK, New York - Stocks were largely higher on Friday with all the indices notching up daily and weekly gains. Steadying the markets...
NEW YORK CITY, New York: Stores that sell secondhand clothes, shoes, and accessories might actually benefit from President Trump's...