New York Governor warns lockdowns could last through 2020; how will Bitcoin fare?BTC $6512 (+10.8%) • ETH $134 (+8.2%) • XRP $0.16 (+8.2%)
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The COVID-19 pandemic is growing at an alarming pace, impacting virtually every major country and having devastating impacts on the global economy. Much to the chagrin of Bitcoin investors, the benchmark crypto has been struggling (from a price-perspective) despite long being thought of as a “digital gold” or a safe haven asset. It now appears that the sweeping lockdowns in major cities across the United States may extend throughout 2020, with the New York state governor explaining that they could last for another nine months. This will undoubtedly have devastating impacts on the economy in both the U.S. and abroad, but the question remains as to whether or not this economic turbulence will create shockwaves so strong that they also impact Bitcoin and other digital assets. More news ⏬Top analyst: here’s the simple path forward for Bitcoin to become a major safe haven
Cryptocurrency investors have been greatly disappointed by Bitcoin over the past few weeks, with its lackluster price action seeming to invalidate the safe haven narrative that many investors had previously bought into. This relatively small amount of money will pump-and-dump Bitcoin’s price
BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. Bitcoin price flash spiked 13% in 1 hour, but top traders think it’s a “fake” rally
The Bitcoin price increased from $5,850 to $6,640 on major cryptocurrency exchanges in a 13 percent rally within an hour. But, top traders are convinced it is a fake-out before a bearish continuation. Why Ethereum locked in DeFi plunged $600m after intense 57% ETH drop
The total amount of Ethereum (ETH) locked in decentralized finance (DeFi) platforms plunged by more than $600 million since February 16. What else?🧵 The crypto market is hanging on by a thread according to this chart, but all hope isn’t lost 📉 XRP is now nearing 3-year lows: what’s behind the massive correction? 🚀 PrimeXBT launches new PrimeXBT Turbo Platform to all users Featured event
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New York Governor warns lockdowns could last through 2020; how will Bitcoin fare?