The crypto industry also been affected by the stock market downturn. remember the bitcoin price fell to $ 3,800?? I thought it would never go up then
the crisis caused by the pandemic will be the main test for bitcoin. It will have to prove its role as digital gold during inflation.
There are a lot of signals indicating that Bitcoin will successfully fulfill its role. Over the past few years, BTC volatility has declined significantly. The volume of long positions in the futures market has grown. Network activity (number of addresses, volume and cost of transactions) is increasing. And in March, cryptocurrencies quickly won back a sharp decline, that is, they regained their value, although they already managed to bury them again.