It seems BTC has survived from corona, and more than that it is really good news for us. But if we are talking about altcoins, we can not the same about altcoins like BTC. Altcoins prices are still down and it keeps getting down. No doubt we should wait for more for the price increasing. If BTC started growing up, altcoins follow it. However, BTC is just around 10k.
Corona sentiments doesnt really precisely correlate with bitcoins price or the entire crypto market even though other traditional markets had heavily affected but here on crypto we are somehow surviving the wave.In talks about bitcoin and alt coin price then im not saying that its always correlated because alt price can go opposite even bitcoin is rallying up but most of the time when market
turns out to be bullish it did really come to that point where alts are mostly dragged up.
in my opinion cryptocurrency especially bitcoin can be a safe haven
as we can see now bitcoin price growing slowly but surely, right ?
Theres no such word as safehaven even though we are making out profits or stood strong with BTC but doesnt mean that it will give out assurance on long term aspect.This is why we should always take measures in any case that might happen but for now its too early to worry that it would crash.