03 reasons for the crypto market to be “green” again

During yesterday, the Bitcoin price had a positive move with a gain of more than 5% within 24 hours. Several other coins broke resistance for the week. What makes the market will continue to be “green”?

Fear of paper currency inflation has pushed people into the crypto market

Over the past week, governments around the world have repeatedly made promises of relief programs and stimulus packages to ease the pressure of rising unemployment and the economic crisis. The public may feel some relief, but not the economists. They assert that this move will inevitably cause massive inflation and worsen the world financial situation.

Over the past several days, criticism of this money printing policy has begun to grow. Analysts have made it clear that the US Federal Reserve’s (FED) decision to print $2 trillion will devalue the dollar.

It is not surprising that a larger number of investors are moving their assets into cryptocurrencies, which preeminently have a fixed supply and cannot be manipulated by a central bank. . This activity reinforces the notion that the public increasingly trusts Bitcoin and Altcoins to hold value in times of economic stress.

The author of the book “Rich Dad, Poor Dad” calls for buying Bitcoin
Robert Kiyosaki – author of the book “Rich Dad, Poor Dad” also called for storing other assets like Bitcoin instead of cash, which is being printed indiscriminately.

Investors are having a good chance to buy Bitcoin at a bargain price

In mid-March, investors decided to liquidate millions of dollars in cryptocurrencies during a severe crisis of confidence. But when the panic passed, on the other hand, it left a very good opportunity for new investors to buy at a bargain price.

Bitcoin below $7,000 for the first time in many months, a “temptation” to buy aggressively. That’s not to mention many Altcoins are trading at lows for more than a year.

See more: Russia postpones enactment of Cryptocurrency Law again due to Covid

Fundamentals remain very positive

Regarding Bitcoin, try to put in case the pandemic has not happened, perhaps the price will not stop above $ 10,000 but even further. In addition, the psychological factor that believes in the halving event with the block reward halving will cause the Bitcoin price to break out to new heights.

However, when the epidemic struck, that belief remained, one still expected Bitcoin to be able to end 2020 on a grand basis.

In fact, many cryptocurrencies, including Bitcoin, are slowly building up solid network strength. For example, the growth of decentralized finance (DeFi) is pushing Ethereum activity to new heights. Even smaller companies like Chainlink, VeChain, and Stellar are seeing a lot of active and remarkable work in real-world use. That’s why investors will pay attention.

Overall, the primexbt trading is likely to remain volatile in the coming days. However, the recent bull market moves have proven that Crypto is still good at the core level.