Recession looms for the world economy as the second week of 2016 begins. Early on January 11th, the Shanghai composite index took a dive, plunging 5.3% on Monday morning. This caused quite a bit of downturn last week as the index plummeted severely—halting trading in the region two times. This Monday saw U.K. and U.S. markets opened above ground with the Dow futures and S&P 500 futures up 0.5 percent. Last week’s market tribulations have had no significant effect on the Bitcoin market and has increased speculation with those who believe that as traditional markets weaken the digital currency strengthens.

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