Stocks and cryptocurrencies are currently on the financial market like on a roller coaster – only in different sleds. Sometimes one is up, sometimes the other. The stock markets fall due to the uncertainties in the banking sector. Surprisingly, the crypto market is hardly affected by this, because it presented itself as bullish. Today, Friday, Bitcoin was once again soaring. For the first time this year, it climbed to a value of more than $27,000. In euros, the rate is currently 24,813.87.
It’s up more than 50 percent year-to-date, and other cyber currencies are benefiting as well. All 23,000 cryptocurrencies together amounted to approximately $1.12 trillion, according to Manager Magazin. If what insiders are speculating comes true, it could further benefit the crypto market. The Fed is rumored to start cutting rates again soon, and low rates usually benefit cybercurrencies as safe haven assets then yield less. In any case, it remains exciting. Anyone who has invested equal parts of their assets in the markets can be angry or happy at the same time, or just take a deep breath.
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