Bitcoin decoupled with the stock market after it rallied 15% over the last 48-hours. The stock market, meanwhile, continued to take a beating. Did Bitcoin recover from a bottom?
Bitcoin Leaves Stock Market BehindIn another surprising move, Bitcoin regained its footing after two weeks of unprecedented correlation with the stock market. Beginning on Mar. 19 at 12:00 AM, Bitcoin prices surged 19% over 12 hours, rising from $5,300 to $6,300.
The Tezos Foundation has announced that it will reach settlements for ongoing class action lawsuits. Those cases concern whether the Tezos cryptocurrency (XTZ) is a security, whether it conducted its ICO improperly, and whether it misled investors at that time.
Legal Costs on the RiseLegal costs are central to Tezos’ decision to reach a settlement.
The Tezos Foundation has announced that it will reach settlements for ongoing class action lawsuits. Those cases concern whether the Tezos cryptocurrency (XTZ) is a security, whether it conducted its ICO improperly, and whether it misled investors at that time.
Legal Costs on the RiseLegal costs are central to Tezos’ decision to reach a settlement.
Steem successfully forked, creating the new “Hive” blockchain. Leaders of the Steem community orchestrated the move to expel Justin Sun and his recently acquired Steemit Inc.
Kava, an aspiring lending protocol, wants to rival Maker Protocol as a CDP platform that accepts a variety of assets as collateral. In a bid to bring liquidity to the protocol’s native stablecoin, USDX, Framework Ventures is proposing incentives to onboard more users.
But will this be enough to tackle DeFi behemoth MakerDAO?
Initial reports indicated that Bitcoin has been moving in lockstep with the traditional financial markets. However, BTC saw its price appreciate over 20% in the past 34 hours indicating that it could be decoupling from the global economies.
Bitcoin as a Hedge Against Global Economic TurmoilBitcoin has taken the spotlight after surging over $1,300 in price.
EY, ConsenSys, and Microsoft have launched Baseline, a protocol aimed at businesses and enterprises that want to use Ethereum’s public blockchain in secure and private ways.
Market Cap: : $175,674,012,793 • 24h Vol: $97,298,597,068 • BTC Dominance: 64.9%
Dear Reader,
We are living in truly unprecedented times.
While it is unclear where the markets will ultimately go, it is ideal to gather perspective on the best and worst-case scenarios for the top three altcoins by market cap—Ethereum, XRP, and Litecoin—to protect against uncertainty.
The meltdown seen across most financial markets, including the cryptocurrency industry, sent investors into a state of panic. But what about altcoins?
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