The value of major world equities is on a free fall, due to the effects of the global trade war. The expected hefty cuts on US interest rates have further spooked investors, slowing investments. Health-care and Tech shares like Apple have been most affected. BASF, the German Chemicals giant, is raising the alarm as its shares sank by 5 percent.
In contrast, Bitcoin is on a steady climb, and analysts are predicting a further steeper rise ahead. Bitcoin, however, is not the only digital asset in the limelight. Litecoin, Ethereum, and other altcoins are surging ahead too. Bitcoin is up more than four-fold in short six months while BCH, ETH, and LTC are registering impressive gains over the same time frame.