There is no “second better” currency with the Bitcoin continuing in the ethereum hammer: nydig
Bitcoin (BTC) stands over other encryption assets amid the constant economic turmoil, according to NYDIG Digital Investment Management Company.
Greg Sibolaro, head of international research at NYDIG, notes in Jadid analysis The encryption markets remained largely stable despite the “massacre” in traditional financial markets.
“Permanent exchange rates were constantly positive. The liquidation rose on Sunday and Monday [last week]But a total of two days of $ 480 million was much lower than other prominent liquidation events. The basis for futures contracts remains on the beach and outside it positive. Finally, the USDT price, despite less than $ 1.00, did not suffer from a sharp drop.
Historically, in large -scale movements, we tend to see pressure appear in the encryption markets. We haven’t seen it yet. “
Cipolaro Bitcoin notes better better than ETHEREUM (ETH) and other altcoins, noting that BTC remains the first hedge against the Debasement currency.
“The Eth-BTC Cross continues at Plumb levels that you have not seen since 2019, for example, and many other cryptocurrencies have not yet found in this volatile environment.
In a world of universal uncertainty and loss in believing in Currencies Fiat and sovereign countries, there is no best choice for the difference. “
BTC is trading at $ 84,984 at the time of this report.
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