Business Bible News Market Minute: February 4 @ 8:30AM ET

This is a Business Bible News Market Minute for Wednesday February 4 at 8:30 AM Eastern Time. According to Bloomberg, nearly $500B has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated. Global markets are down today. In overseas trading, the Nikkei is down 431 points. The Nasdaq is down 333 points to 23,258. Oil is trading at $63 per barrel while gold is at $5,063 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Recession. This principle is found in Genesis 41–30. The verse reads: "After that, there will be seven years of famine, and all the good years will be forgotten, because the famine will ruin the country." Learn more at businessbible.com where Daily News meets Daily Principle.