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…
Global Economy
Bitcoin: The Only BulletProof Asset Flourishing Amid Disasters
Is Bitcoin a financial haven in times of crisis? In times of disasters or financial crises, stock prices fall, interest rates decline, and debt amounts. Investors often scramble to safety by looking up to "safe haven" assets such as gold to hedge their portfolios' value. Cryptocurrency investors view Bitcoin as the digital gold providing a reliable fallback in times of crisis. As the COVID-19 continues ravishing the world's economy, many economists believe that a recession is imminent. Several economists believe…
5 years ago
OKEx CEO Tags Bitcoin and Libra the Super-Cryptos
Bitcoin and Libra could be the keys to rectifying the current global economic imbalance. That is, according to OKEx CEO Jay Hao. Mr. Hao affirms that the USD continues to have a stranglehold over the world economy. Thus it skews the balance of world power in favor of the developed nations. Mr. Hao proposes that the global economy needs a fresh start. Further, to successfully do this, we will have to ditch the USD as the standard currency. In its…
5 years ago