As the world continues to come to terms with a new way of living and working, confined to homes and restricted travel as a result of the ongoing pandemic lockdown measures from governments across the world, the crypto community online has risen to show is support for relief efforts in the COVID-19 fight
On May 4th, Bitcoin declined slightly from the previous day, recording around $8,700 at various exchanges including Upbit, Binance, BitMEX and Bithumb. Nevertheless, it is relatively stable these days with only insignificant fluctuations.
Bitcoin surged to hit over $7,500. It is now trading at up to $7,546 at several cryptocurrency exchanges such as Upbit, Binance, KuCoin, Bithumb, and others. On the other hand, stock markets have been on the decline as institutional selling and coronavirus treatment development failed to prove.
On April 16, the world’s leading cryptocurrency Bitcoin (BTC) plunged to the point where it could barely maintain $7,000 at several digital currency exchanges such as Upbit, Binance, BitMEX Bithumb and many others. Stock markets globally are also showing weakness.
On April 15, Bitcoin (BTC) showed a steady trend, recording over $6900 on several cryptocurrency exchanges such as Upbit, Binance, Bithumb and others. On the same day, the overseas stock markets increased sharply.
Binance announced the acquisition of CoinMarketCap which will now officially become its daughter company. Although CoinMarketCap has claimed to remain independent, the community anticipates there might be changes in its operation.
The cryptocurrencies in bear markets have reached their respective oversold regions. The bulls are emerging from the oversold regions pushing the altcoins in an uptrend. The altcoins will resume uptrend if the initial resistances are breached.
On March 14, the cryptocurrency market started off with some stocks rebounding, but the decline in the afternoon strengthened. At press time, seven of the top ten stocks fell, and 70 of the top 100 were lit red, indicating a stronger drop. Among the top 10, it’s only Bitcoin SV, EOS and Binance Coin that are still resisting the forces of falling.