{"id":23666,"date":"2023-09-25T11:29:18","date_gmt":"2023-09-25T11:29:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-displays-resilience-between-market-turbulence\/"},"modified":"2023-09-25T11:29:18","modified_gmt":"2023-09-25T11:29:18","slug":"bitcoin-displays-resilience-between-market-turbulence","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-displays-resilience-between-market-turbulence\/","title":{"rendered":"Bitcoin Displays Resilience Between Market Turbulence"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The potential of Bitcoin to hold its strength in comparison to conventional stock markets, even in the face of deteriorating macroeconomic situations, is recently demonstrated by data from IntoTheBlock.<\/p>\n<p><strong>Bitcoin\u2019s Resilience Amid Market Challenges<\/strong><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The head of research at the analytics company, Lucas Outumuro, notes Bitcoin\u2019s outstanding performance throughout a week of volatile stock market conditions. Traditional markets, such the Nasdaq and the S&amp;P 500, had falls of 3.3% and 2.7%, respectively, throughout the week, despite the Federal Reserve\u2019s decision to keep interest rates unchanged and a forecast of just one rate rise this year.<\/p>\n<p>In comparison, Bitcoin was able to hold its price steady at around $26,600 over the previous 30 days, proving its relative resilience. Outumuro explores the causes of Bitcoin\u2019s durability in the face of difficult macroeconomic circumstances, highlighting three crucial factors:<\/p>\n<ul>\n<li><strong>Decoupling from the Dollar:<\/strong> Bitcoin\u2019s correlation with the US dollar has reached zero, positioning it favorably despite the dollar\u2019s recent rally.<\/li>\n<li><strong>ETF Optimism:<\/strong> The anticipation of a <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-soars-as-exchange-traded-fund-likely-to-obtain-approval-491\/\">Bitcoin exchange-traded fund (ETF)<\/a> approval continues to be a positive catalyst, dissuading holders from selling prematurely.<\/li>\n<li><strong>Mt. Gox Delay:<\/strong> The delayed repayment plan by Mt. Gox, where they intend to distribute 850,000 BTC (equivalent to $23 billion) to users affected by their hack, has eased anticipated selling pressure. The redistribution, previously scheduled for the next month, will now occur later.<\/li>\n<\/ul>\n<p>Outumuro also emphasizes the huge number of Hodlers, or people and organizations who have held onto their Bitcoin for more than a year. These long-term holders currently own 13.44 million BTC, which is close to a record high and represents almost 69% of the supply.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong>Looking Ahead<\/strong><\/p>\n<p>Long-term Bitcoin investors\u2019 tendency to accumulate indicates the possibility of a bullish cycle. While the length of Bitcoin\u2019s outperformance in the face of difficult macroeconomic conditions is yet unknown, on-chain data shows that its long-term investors are still adding assets.<\/p>\n<p>Bitcoin is currently trading at $26,086.50, demonstrating its resiliency and capacity to sail over choppy financial waters.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-displays-resilience-between-market-turbulence\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The potential of Bitcoin to hold its strength in comparison to conventional stock markets, even in the face of deteriorating macroeconomic situations, is recently demonstrated by data from IntoTheBlock. Bitcoin\u2019s Resilience Amid Market Challenges 177% up to 5BTC + 77 Free Spins! New players only. Exclusive [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":23667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23666"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23666"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23667"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}