Bitcoin Presents – 90% Price Recovery, Despite Global Markets Crash: The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $6,250 | ETH $32 | XRP $0.160 | Total Market Cap: $175 Billion This week was nothing if not tumultuous for Bitcoin. Last Friday, its price dropped a massive 40%, recording one of its steepest losses in history. However, throughout the past few days, Bitcoin managed to recover nicely, as it's currently trading at above $6,000. One thing worth noting amid this crisis is the fact that Bitcoin, unlike traditional assets, held up entirely alone. It is still a largely unregulated asset, and as such, there are no safety nets around it. During the week, when the S&P 500 and the DJI were charting losses upwards of 7%, stock exchanges saw their circuit breakers activated, and trading was halted for 15 minutes multiple times. This gave investors a chance to evaluate and reposition. No such measures exist with Bitcoin, at least not to this extent. BTC has absolutely no safety nets, and it receives no support from institutions, unlike traditional stock markets. And still, Bitcoin managed to overcome and is already recovering nicely, bringing the entire market up with it. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Chainlink This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Chainlink. For an in-depth look, read more.  Italian Bank Launches BTC Trading A private Italian bank has launched Bitcoin trading for its 1.2 million customers. Read more. Advertisement SafePost Launches IEO SafePost is an innovative and secure solution presenting an alternative to conventional emails and documents storage. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe