Cryptocurrencies have seen a crazy week with bitcoin dipping 20% after an all-time high of $42,122 on January 8th. There is supposed to be a bullish market ahead, with altcoins to follow. Time to buy the crypto dips before they fly high!
December is a difficult month to trade as the year comes to an end and the holiday season sparks strange patterns in business and consumer spending. Every year in the lead up to Christmas and the start of January stock markets rally. But why does this happen and how can you take advantage of this?
Stocks fell after a six-week high reversing a coronavirus recovery. Traders are no longer waiting for an agreement for the U.S. stimulus as it is expected the coronavirus aid package will be introduced after the November election. The International Monetary Fund warned an economic recovery will not be smooth until the virus is tamed as they prepare an annual meeting with the World Bank to discuss the worst economic recession since the Great Depression.