MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

Monday marked a historic moment in traditional markets, with the price of West Texas Intermediate oil futures going into negative territory for the first time ever.  Contracts for May delivery, expiring on Tuesday, collapsed below -$40 per barrel at one point. In other words, sellers were willing to pay as much as $40 to people …

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