Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bailout
COVID-19 May Offer Bitcoin a Turning Point According to Tim Draper
A $7 trillion bailout had to be raised to prevent a stock market crash and therefore economic collapse caused by the coronavirus pandemic. During an April 6th interview, Tim Draper voiced the possibility of innovations like BTC and smart contracts to thrive due to the current economic situation. Fixed Bitcoin Supply Draper has expressed skepticism regarding the infinite money printing bailout plans by governments. He believes that fiat money won't pervade the global economy indefinitely. At some point, people are…
5 years ago