StormGain CEO: Traders will love defensive assets like BTC when new virus reappears

07月
13
2020-7-13 03:52
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According to Cointelegraph on July 13, Alex Alexhausen, CEO of crypto trading platform StormGain, said that the current value of Bitcoin and the S&P 500 index are now 66% correlated, but we should consider this trading bull. If the value of natural assets such as commodities drops due to the second generation of COVID-19, investors will often use hedging instruments such as gold and bitcoin.

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Report: Trading volume down 10%, advise traders to be extremely cautious
According to Ambcrypto information from July 13, CoinGecko's latest March Q2 2020 report shows the market value of the token exchange increased 24% from Q1 to Q2, but market volume was reduced. by 10%. A drop in volume could be a sign that investors are more cautious, according to the report. Or it could be that many traders are trading small amounts of tokens and whales kept on coins.
2020-7-13 03:37

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