CRYPTO MARKET AFTER DONALD TRUMP TESTED POSITIVE COVID-19

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During Covid 19 days crypto market remained under the surprising turns. Many traders were in lose and many trader enjoyed this crash and boom period. In coming few days’ similar condition may have to be faced. With the COVID 19 positive tested of U.S Pres. Donald Trump and his wife, the cryptocurrency and Asian stock markets sold off early Friday.

On Friday, Trump said he and First Lady Melania Trump had tested positive for COVID-19 and would begin their quarantine process “immediately.”

“We will get through this TOGETHER!,” Trump tweeted.

After his announcement market appeared with this turn:

The Australia ASX All Ordinaries is down 1.35%.

In the U.S. markets, S&P 500 futures fell about 2%.

Gold is up 0.32% on the day to stand at $1,908 after falling to a low of $1,888 in early Asian trading hours.

BTC is also down by 1.9%, having fallen from $10,678 to around $10,450.

The price action comes several hours after a 3.7% fall on news that U.S. officials indicted BitMEX owner Arthur Hayes and other company executives on charges the crypto trading platform violated know-your-customer and derivatives trading laws.

Trump will quarantine as he enters the final month of his reelection bid. His major-party opponent, Democratic nominee and former Vice President Joe Biden, has been touring the midwestern states following a debate with Trump on Tuesday.

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