Here’s a lowdown of the biggest events in the crypto world last week:
Bitcoin Remains Unshaken Despite Chaos 🌊
After the news of the war between Israel and Iran broke, Bitcoin quickly dropped to around $103K. Honestly, I won’t blame you if you panicked because such tensions often affect crypto prices 🥶.
But, the good news is that the Bitcoin price went back to over $105K and has held steady despite the chaos in the Middle East. The cushion comes from Bitcoin’s ongoing institutional demand and investors’ switch to crypto as a means of protecting their funds from potential inflation.
Many Altcoins Fail to Hold On 📉
Unlike Bitcoin, most altcoins couldn’t take the heat from the global tensions. Ethereum remained in the $2,500 zone, but key alts like Ripple’s XRP, Cardano (ADA), and Tron (TRX) have fallen into the abyss. This is a reflection of profit-taking, especially among retail investors, as the market becomes more uncertain 🫤.
Meanwhile, altcoin investors have some hope in tokens like Hyperliquid (HYPE), Bitcoin Cash (BCH), Uniswap (UNI), which have increased by nearly 14%, 11%, and 12%, respectively 📈.
Changpeng Zhao said “It’s the courage to hold that counts.” 💪🏽
Binance co-founder and former CEO, Changpeng Zhao “CZ” called for resilience from investors through a famous quote from Winston Churchill. CZ tweeted that “success is not final, failure is not final.” It is “the courage to HOLD that counts.”
What’s it going to be? Will you be HOLDLING on like a real dad? 🤔
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
