Bitcoin’s token price suddenly fell from close to $39,000 down to $34,529 within a 24-hour period as Russia began to land and sea attacks on Ukraine.
Of course, Bitcoin wasn’t the only economic casualty of the outbreak of war in Europe. Global stocks and US bond yields also dived.
And yet despite claims that Bitcoin was the new ‘digital gold’ the top crypto tanked as oil prices, the dollar and real gold rocketed higher in value.
Vijay Ayyar, vice president of corporate development at crypto exchange Luno, suggested Bitcoin falling to lows of at least $30,000 over the coming weeks.
While most cryptocurrencies suffered during this year’s bearish cycles, one crypto newcomer has been pushing the #cryptopositive hashtag.
While most cryptocurrencies suffered during this year’s bearish cycles, one crypto newcomer has been pushing the #cryptopositive hashtag. This newcomer is EverGrow Coin, which launched in September.
After quickly becoming the top rewards token paying out rewards in BUSD (over $34 million to date) the crypto has now set its sights on a loftier ideal – beating the bearish market.
The problem the EverGrow’s team identified is how to keep trading volume during periods of high risk. Instead of creating another crypto token designed to be used as currency.
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