US Stimulus Plan Is Steadying Global Markets While Crypto Takes a Dip

Other cryptocurrencies flashing red on the CoinDesk digital asset board include dogecoin (DOGE) in the doghouse by 3 percent and Dash (DASH) also in the red by 3 percent. Both events caused significant sell-offs in global equity markets and a flight to safety from investors, which was predominantly into USD," said Jon Deane, CEO of InfiniGold, which has issued a digital gold token on a public blockchain.

Cryptocurrency traders track gold closely, and watching other precious metals such as silver has also becoming a popular activity. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Timeline of Dash, Dogecoin