In recent weeks, the increase in import prices in the United States has caused global agitation. The prices of shares and cryptocurrencies collapsed. Thanks to a 90 -day commercial break, there has been a cautious recovery, but what comes then no one knows.
Bitcoin (BTC) It remains surprisingly stable despite geopolitical and economic uncertainty. This is the conclusion of a report by the financial service company New York Digital Investment Group (NYDIG).
Bitcoin exceeds other group groups
The president of the American president Donald Trump with the rest of the world provokes great agitation in the traditional financial markets. The waves of the bags underwent great losses in early April.
With such uncertainty on the market, it is logical that cryptocurrencies also suffer great losses. After all, digital assets remain relatively risky. Investors want to avoid the risk in these times of economic and political turbulence, but the cryptocurrency market remains relatively stable in general.
Greg Cipolar, Nydig research manager, said in a Post published on April 11 What Bitcoin (BTC) He now behaves even better than other asset groups:
Although Bitcoin was affected by the news around the types, volatility has remained surprisingly weak.
Crypto-in Crypto-emission is surprisingly fast
The news around American import rates have also caused a sharp drop in cryptocurrency prices, but since then, many cryptocurrencies have recovered. In general, the cryptocurrency market recovered better than other markets and remained relatively stable.
Cipolaro quotes stablecoin TETHER (USDT) As an example of stability of the cryptocurrency market. Although the price of money is maintained the same as the US dollar, its value can fluctuate. This was the case when Trump announced the prices. “The price was less than $ 1, but there was no net drop in price,” said Cipolaro.
The cryptoded market has also not shown extreme volatility and quickly recovered. Last week, less than $ 500 million was settled between Sunday and Monday. It is relatively little, supports Nydig’s research manager.
Will the cryptocurrency market remain so resistant?
The trade war is far from finishing. Trump continues to cause discomfort with his clear plans and his unexpected decisions. The American president has postponed Temporarily most import rates. However, it is not clear what European countries and others can expect after this break.
According to Cipolaro, Bitcoin can be more attractive for investors as a value deposit not linked to sovereign countries. The decrease in the volatility of cryptocurrencies against other assets can contribute to it. Despite this, Cipolero expects economic and political tensions to lead to volatility during the following period.
Trump’s trade war could affect world countries in the short and long -term. However, this situation also presents Bitcoin opportunities.
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