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Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.
Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.
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NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
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Athar Saleem 24 MarGold and silver have performed well in the critical pandemic atmosphere and now Bitcoin is at a place we found support back in early days of 2019 is still providing support for us even at this time.
Looking at the bright side or a wider picture; I'm optimistic about the future of bitcoin and other altcoins in General.
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Awais Rahmat 24 MarIt was unexpected that in this situation,BTC will take a spike but it did and its price went high today.
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Nicholas Kariuki 24 Marwaiting for it, thank you for the heads up
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Nazir Ahmad 24 MarVery informative
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Endeme Tariah 24 MarThank you for your daily updates and information... I have no doubt BTC will bounce back very soon just worried with the fast spreading of Covid-19.