Wall Street prices fall as cryptocurrencies rise

While Citigroup and Wall Street JP Morgan, two real Wall Street giants, made significant profits during the first quarter of the year, their stock prices fell on April 13, the Wall Street Journal reported. Thus, the price of Citigroup and JP Morgan shares is $ 71 and $ 110, respectively.

Why is this fall?

The Wall Street Journal clarifies that the fall in the price of the shares may be due to the mini rally that took place last week. The traditional markets started quite low in the second quarter of the year; while, the cryptocurrencies ended with a disastrous first quarter, and are now on the rise; especially Ethereum (ETH) and Bitcoin (BTC).

And is that the importance of cryptocurrencies, despite the recent price declines, seems to be increasing (still not reaching its climax). Such is its role in the stock market today, which has been affirmed by important investment managers, that Bitcoin has become the new stock market indicator, leading the "risk assets".

Growth of cryptocurrencies

Thus, crypto markets, in general, have experienced a fairly high growth so far in the second quarter of the year. For example, the BTC is quoted above 8,000; while the ETH overcame the 500 barrier.

What at first was a simple suspicion, today has become a reality, the cryptocurrencies can compete from "you to you" with the great shareholders of Wall Street and, as we mentioned, it is expected that the price of the cryptocurrencies with the course over the years increase; taking into account the various technologies associated with them.