June 20, 2021

Stock Markets Today: Bitcoin Volatility, mRNA Vaccines, Central Banks

Good morning. A wild ride for Bitcoin investors, the market nurses its bruises and some vaccines are better than others at stopping transmission. Here’s what’s moving markets.

Crypto Rollercoaster

Bitcoin plunged in the morning, then surged in the afternoon. Even amid what has been a tumultuous period for the token, that’s pretty eye-catching volatility. A few hundred billion dollars was wiped off Bitcoin’s value, before a big portion was later recovered as prominent proponents, like Ark Investment Management’s Cathie Wood, reiterated their backing. Its fall was not as bad as some other cryptocurrencies and the token is steady on Thursday morning. Many newcomers who had helped power the token to records this year were burned and weren’t being quiet about it, particularly as the…

Read full article here: www.bloomberg.com