RATE Group | As Crypto Prices Reeled in Q1, These Coins Stood Out
84864
post-template-default,single,single-post,postid-84864,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

As Crypto Prices Reeled in Q1, These Coins Stood Out

02 Apr As Crypto Prices Reeled in Q1, These Coins Stood Out

Posted at 02:22h in Cryptocurrency News by

[ad_1]

The first quarter of 2020 will be remembered as a period when the coronavirus-led uncertainty set off a liquidity crisis in financial markets, forcing investors to sell everything, including bitcoin (BTC).

The top cryptocurrency, often touted as a safe haven, fell by 10 percent in the first three months of 2020. 

While the cryptocurrency eked out 30 percent gains in January amid the U.S.-Iran tensions, it could not withstand the bearish pressures emanating from the global dash for cash in March.

The broader crypto market also suffered losses in the first quarter, as evidenced from the 5 percent decline in the total market capitalization, according to TradingView. 

However, a few cryptocurrencies including the privacy coin dash and link, the native token of decentralized oracle network Chainlink, managed to put in a positive performance. Even the most actively traded cryptocurrencies have thin volumes compared to traditional assets like stocks and bonds, so ascribing market movements…

[ad_2]

Source link

Tags:
, , , , ,