The largest US cryptocurrency exchange, Coinbase, said that the recent banking crisis put Bitcoin (BTC) ahead in terms of performance.
In a recent research report by Coinbase, the banking crisis with the bankruptcies of crypto-friendly Signature Bank, Silicon Valley Bank and Silvergate Bank is the result of Bitcoin’s banking crisis. store of value aspect to the fore out of the other risk assets. that you are separating stated.
Cryptocurrency market in general banking against the crisis resistance Noting that it shows, Coinbase, on other assets, regulatory pressures And with the traditional financial system the one which… dense ties due to this lagging behind Bitcoin underlined.
Bitcoin’s total market share in the process from 43.9% to 47.7% In the report, which draws attention to the fact that Bitcoin has increased the financial system outside the structure in the eyes of investors store of value as more Trustworthy to a location put highlighted.
In the report, stock markets correlation because of technology to the company’s shares likened to Bitcoin S&P 500 in May of last year with 70% from the correlation peak to 25% regression was also included.