Biden’s yesterday cryptocurrency After the orders were issued, there was a 10% rally in Bitcoin.
However, both the reservations regarding the US inflation data and the unsuccessful talks between Russia and Ukraine lowered the risk appetite and lowered the price below $40,000.
Some investors bitcoin and altcoinWhile they expect further declines in the market, some consider these pullbacks as buying opportunities.
While the fluctuation in Bitcoin and altcoins continued, an altcoin share came from Barry Silbert, the founder of Grayscale, which has 643,572 Bitcoins.
Previously from privacy coins ZcashThe famous founder, who shared about , reminded his followers that ZEC is among the top 50 cryptocurrencies. Silbert also noted the popularity of privacy coins.
ZEC’When we look at the graph, we see that it is at the level of 139$ as of the news hour and has increased by 30% in the last week. Considering that Bitcoin experienced a 3% increase in this time period, we notice that it diverged quite positively.
“This reminds me of 2017,” said Frank Chaparro of The Block, commenting on Silbert’s ZEC post.
Silbert, who was not indifferent to this comment, said, “Funny. Because ZEC reminds me of 2013 when Bitcoin was trading at $140.” said.
Although Silbert has been so upbeat on ZEC, his previous posts remind us that investors should be careful.
Grayscale founder @BarrySilbert “#Bitcoin looks fine. Price action after saying “We’re buying” 👇 pic.twitter.com/OUe6EdKYip
— Bitcoin System (@bitcoinsystem) March 4, 2022
*Not Investment Advice.