RATE Group | Italy’s Economic Pain Is the Bitcoin Price’s Gain
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Italy’s Economic Pain Is the Bitcoin Price’s Gain

30 May Italy’s Economic Pain Is the Bitcoin Price’s Gain

Posted at 02:32h in Bitcoin News by

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Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation.

Bitcoin Price Trends up as Italy’s Economy Falters

Italian bonds are going bust, and the negativity has spilled over into stocks as well. But as the global financial markets are reeling, bitcoin is finally beginning to see the light of day again, and it could just have something to do with the fact that a potential threat to the euro highlights the benefits of a decentralized currency like bitcoin.

The bitcoin price is currently trading above the $7,400 threshold after falling to a May low earlier in the day.

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Bitcoin Price Chart

Reason to Rally

The cryptocurrency markets have been searching for a reason to rally, and many of us have been looking to the centralized governments…

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