Bitcoin shows growing strength during market downturn — Wintermute

Bitcoin is showing increasing resilience to macroeconomic turbulence, weathering the market downturn better than many traditional assets and signaling a shift in its historical behavior.

Bitcoin is showing growing resilience to macroeconomic headwinds compared with traditional financial markets, according to an April 14 report from crypto market maker Wintermute.

The report noted that Bitcoin (BTC) has held up relatively well during the ongoing market downturn, even as the S&P 500 and Nasdaq dropped to their lowest levels in a year and bond yields surged to highs that had not been seen since 2007.

“Bitcoin’s decline was comparatively modest, revisiting price levels from around the US election period,“ Wintermute wrote.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.