📮 14-03-2020
📈MarketCap: $157 B
📊24h Mcap %: 6.4%
⚠️Bitcoin Dom: 64.0%
📌Active Coins: 2,881
📍24h Vol %: 9.44%
💲24h Vol: $140 B
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1. Erik Voorhees: Bitcoin Isn't Dead As A Store Of Value
Fears over the spread of the Coronavirus have hit the markets so hard that some pessimistic people have opined that Bitcoin may not be as good a store of value as has been widely advertised. However, ShapeShift CEO Erik Voorhees holds a rather optimistic opinion. Erik dispel the notion that Bitcoin has failed as a store of value and believes Bitcoin is about to prove its strength in the coming months. Unlike global market, bitcoin’s anti-fragile nature has enabled it to recover quickly and easily whenever it gets down. Read Full on twitter.
2. Bitcoin Stock to Flow Model Continue’s to Hold
Bitcoin is currently struggling to stay above $5,000, when just a couple weeks prior, the asset was trading above $10,000 – over double the current price. But despite the latest fall, the asset’s highly-cited stock-to-flow model focusing on the asset’s hard-coded scarcity continues to hold. With the model still intact, it may now be time for crypto investors to hold for the long haul. The stock-to-flow model uses a formula to derive potential price and value from Bitcoin, based on the asset’s limited supply. Read Full on twitter.
3. Italian High Schools to Issue Digital Diplomas With Blockchain
Two Italian high schools, The licei internazionali di Villa Flaminia in Rome and the l'Istituto d'Istruzione Superiore "M. Ciliberto - A. Lucifero" from Crotone will begin issuing unchangeable and easily shareable digital diplomas with the Ethereum’s blockchain public technology. The measure seeks to make the entire process of issuance and traceability transparent, but above all, to solve a long-standing, fake diplomas problem in the country. Read Full on Cointelegraph.
4. Tom Lee: Bitcoin does make sense as a hedge
Ever since it was created in 2009, the leading cryptocurrency has been correlated to assets such as gold, equities and oil. This very fact has built the case for Bitcoin as a ‘safe haven‘ asset – an effective hedge against global fiat and banking systems. The co-founder of Fundstrat, Tom Lee, recently sat down in an interview where he gave his opinion on the leading cryptocurrency and other digital assets in the space. He said that bitcoin and other digital currencies are a decent hedge, but not a full hedge. He further said that that bitcoin is a disruption to the financial system and therefore could act as a hedge on the stock market when it sees trouble. Read Full on cryptodaily
5. Markets get a boost following Trump’s national emergency call
US President Donald Trump declared a national emergency over the coronavirus outbreak. His latest message to the US public has had a potentially steadying effect on the economy. Bitcoin, which at one point in the early morning hours was trading for as little as $4,000, is now trading for $5,400. That’s an increase of more than 30 percent. Ethereum is also trading for around $130 per coin, up from below $100 during this morning’s crash. Total crypto market capitalization has recovered $5 billion since this morning. Read Full on Decrypt.
6. Bitcoin Futures' aggregated daily volume reports ATH of $37.24 billion
As the spot market started to collapse, the Futures market also saw heightened activities from traders. The volume began to climb on 12 March and ultimately reached an all-time high mark for aggregated daily volumes. This all-time high was marked at $37.24 billion. Out of the 13 BTC Futures exchanges listed on data provider Skew, eight exchanges were reported to have a trading volume of over a billion. Among these eight exchanges, OKEx reported the highest volume of $13 billion and was closely followed by BitMEX with $11 billion in terms of volume. Read Full on AMBCrypto.
7. Bitcoin & Gold ‘Are Doing the Same Thing’ in Coronavirus Crisis
Anthony Pompliano asserts that most investors who were holding Bitcoin for cash likely sold over the last week driving the huge losses across the crypto markets. Pomp speculates that most investors who are still holding Bitcoin are “holders of last resort” and they are strong hands, who will not sell their BTC. Predicting interest rate cuts and quantitative easing, Pomp expects that investors will soon seek to weather the liquidity crisis by seeking exposure to safe-haven assets, adding, both gold and Bitcoin should do incredibly well during this time period. Read Full on Cointelegraph.
8. Andreas Antonopoulos Predicted Bitcoin Crash Two Month Prior
Andreas Antonopoulos already predicted just month ago bitcoin falling as a result of financial turmoil was obvious. He explained, What most people don’t realize I think is that, in the beginning at least, crypto will crash hard, he told, People get scared, when there is a recession and they pull back their investments, and they’re going to pull back from crypto too. Thereafter, Bitcoin has the chance to emerge as a safe haven, but the relative difficulty of accessing and storing for non-technical investors could form hurdles to adoption and price stability. Read Full on Cointelegraph.
