The price of cryptocurrency shows growth of up to 20%. Some community members expect the trend to only accelerate. The stress test that has been going through the cryptocurrency in recent weeks shows the immortality of digital currency. How will Bitcoin behave in the coming days and weeks?
The stress test in the form of a 50% drop in cryptocurrency knocked off relatively quickly and continued to grow within tens of percent. During March 19, the cryptocurrency fired from around $ 5500 to $ 6300.
According to popular trader Joel Kruger Bitcoin showed his strength in being able to quickly shake off losses and broke away from traditional markets. Although Bitcoin is far from totally non-binding, it still maintains its relative freedom.
It’s been super cool to see how well #Bitcoin has performed through this global downturn. Always best to see how an asset holds up under stress. And this has been a great stress test. No better time for a decentralized, limited supply, digital currency than now.— Joel Kruger (@JoelKruger) March 20, 2020