Crypto Market Leads Gains In Market Recovery
While the S&P index is still down 17.5% for the year, Bitcoin on the other hand is up 3.2%. Bitcoin is considered to be the risky asset, meanwhile S&P stocks are supposed to be the more risk averse option for investors to enjoy calmer waters and steady rises.
Currently it seems Bitcoin is behaving as the more stable and secure market. The opposite seems to be true of traditional stocks that are still deep in losses after volatile movements, often seen in risky assets such as Bitcoin.
Is it possible Bitcoin is finally starting to truly establish itself as the asset it was designed to be, an asset designed for a time such as this. The volume is still a very concerning factor, as it is still very low. It is probably very likely that a drop below $7000 is imminent yet again. However, the halving is mere weeks away and it seems the coronavirus has caused everyone to forget about the halving.
As Plan B states and shows with the stock to flow model, it is built in by design, eventually the price must adjust.
OKEx Announce New Conversion For Dust
A while back, Binance introduced the facility to convert dust in wallet balances into their exchange token BNB. OKEx has come out with a similar offering.
Today OKEx announced that any balance worth less than 0.001 BTC can be exchanged for their native exchange token, OKB. Users need to hold a minimum of 500 OKB tokens to qualify for fee discounts.
Users who wish to earn the maximum discount, need to hold at least 2000 OKB tokens. OKEx has recently become the largest Bitcoin futures exchange, overtaking Bitmex. To find out more regarding the Bitmex dethroning, check out 'The Sun begins To Set On Bitmex As Users Begin To Lose Trust!'
The Most Popular Article Of The Week
Last week the most popular article of the week was 'The Atomic Wallet With Built In Staking And Atomic Swaps!' If you are interested in staking in your own wallet and not having to make use of staking pools and exchanges to stake, then this article is definitely worth a visit! Remember, you control your own private keys with the Atomic wallet!
More from Sapphire Crypto: Today In Crypto - April 6 Edition
