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…
Safe-Haven
Is Bitcoin a Safe-Haven? The Answer the Russia-Ukraine War Gives Us
The leading cryptocurrency was first mooted to be a possible “safe haven” in 2013, following Bitcoin’s rise to $1000. With its new record, came media attention. As Bitcoin began to gain traction, crypto proponents touted the digital currency as the perfect substitute for gold. In comparison to gold, Bitcoin surpassed the value of the former, matched its popularity, and provided a new asset class for investors. Bitcoin’s merits were not just words laid out in Satoshi Nakamoto’s whitepaper. The world…
3 years ago