March 12, 2020
European electricity demand begins to notice the coronavirus effects
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The electricity futures prices for the next quarter still do not show symptoms of being affected by the coronavirus pandemic. From March 9 to 11, the prices increased in most European markets. The outlook for the electricity futures for 2021: the UK registered a rise of 0.1%, other markets registered declines of between 0.2% and 3.4%.
Cryptocurrencies see $94 billion wiped off value in 24 hours
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Bitcoin was down 48% from 24 hour. Over the past few years, bitcoin has been likened to “digital gold” and has been seen by some as a safe haven asset to park money when markets are facing turmoil. But bitcoin, which has now erased all of its gains for the year and is in negative territory, is behaving more like a risk asset such as an equity.