Crypto

Bitcoin Rebounds Sharply as Coronavirus Crisis Rampage Continues

During the coronavirus crisis, investors continue to look for safe stores of value. Although Bitcoin and other crypto assets lost tremendous value, they are also rebounding strongly while other markets continue to struggle.

Financial markets all over the world continue to struggle all over the world.

Bitcoin Remains a Prominent Investment Option

Stocks, precious metals, bonds, and treasuries, are all trying to rebound.

Last week, or even the past two weeks, haven’t been kind to these markets by any means.

Cryptocurrencies fall into the same category, although they bounce back quicker and stronger.

Now that most markets appear to be improving, the demand for proper investments is rising again.

Rather than looking at traditional options, crypto assets cannot be overlooked.

In fact, the past few days have shown how resilient

Bitcoin really is.

Related Post

This momentum will not go by unnoticed for much longer.

Beyond Bitcoin, some other crypto assets are moving up rapidly as well.

They mainly rely on Bitcoin’s momentum, however, thus they may not make for good long-term investments right now.

Even the CIX100 is outperforming traditional markets in early 2020.

That further confirms the investment potential cryptocurrencies have during the coronavirus crisis..

Ensuring that this situation remains favorable, is a different matter altogether.

As long as central banks keep printing money, things will keep looking up for Bitcoin.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

1 hour ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

7 hours ago

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…

16 hours ago

While Ethereum Approaches $6K, XYZVerse Prepares for a 16,900% Market Shakeup

As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…

16 hours ago

Four Meme Coins That Might Disappoint and One That Could Deliver Big Gains

Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…

16 hours ago

Winter’s Altcoin Season to Explode: 3 Cryptos Every Trader Should Know!

As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…

16 hours ago