The second-largest blockchain’s coin Ethereum rises 3.03% while older bitcoin declines by 4.36%. This coin market move doesn’t match the expectations of several investors who doubt in stocks and prefer virtual currency along with precious metals.
By the way, the soaring gold price signals the upcoming stock market’s fall. Valuable paper is easily replaced by precious metal when uncertainty comes with jobless claims and protests around the world. The majority of investors become risk-averse seeing the worsening situations in the economy.
Only healthcare, biotech, and pharmacy stocks may keep their values or even rise through the aid of hoping investors on the future COVID-19 vaccine.