Bitcoin Take Steep Losses as Government Shutdown

As of 8:35 am ET, Dow futures implied a loss of 196 points or 0.82 percent at the open after trading more than 200 points down earlier in the day. S&P 500 and Nasdaq futures also traded firmly in the red, indicating opening bell losses of 0.84 percent and 1.04 percent, respectively.All three indices had snapped a five-day winning streak on Friday, ending a string of consecutive daily gains that was longer than any the stock market had seen for months. In fact, the Dow and its peers had ended the first seven trading sessions of 2019 with their best start to a year since 2006.

Increasingly, the stock market appears unable to shake off mounting concerns related to the US government shutdown and US-China trade war, and Wall Street must further now contend with what some analysts believe could be a disappointing earnings season.

‘IS THE BOTTOM IN? NOT YET,’ ACCORDING TO BITCOIN PRICE ANALYST WILLY WOO(SHIRAKASHI)

Sources: CNN , Google News