Bitcoin holds a constant amid market turmoil

It was a horrific week for the stock market, as the S&P 500 has decreased over 6 % over the past five days. This did not help Bitcoin, but the original cryptocurrency was better than the broader market, as it rose more than 1 % in the same period.

The Nasdak Stock Exchange had one of its largest waterfalls in 25 years on Thursday, but Bitcoin was relatively fixed (Coindesk’s James Van Strat was mentioned) Even if there is no place near the highest levels that exceed 100,000 we saw at the beginning of the year.

The big question for Bitcoin amid uncertainty in the market is whether it is seen as one of the origins of the risk in the storm or a A safe haven that resembles gold (Which until the last 24 hours at least It was working well for the market). Researchers discuss the effect of definitions on encryption.

Meanwhile, the digital asset industry has been prepared for several days better. Circle – Second Source Stablecoin, USDC – It was officially submitted for the public subscription. The important American House of Representatives Committee Present the Stablecoin billWith great support from Democrats.

Fidelity Investments, a major mediation company, has announced plans to present the Irish Republican Army, allowing investors direct access to encryption in their retirement accounts. Helen Brown was the news. Advisors are increasingly wanting to promote encrypted products for their customers. In other news, Bitcoin buyer for companies, such as the strategy, metaplanetand Mara and pregnancyContinue storing bitcoin, and taking advantage of today’s prices.

Ethereum developers Closed on May 7 For the next upgrade (Pectra), Margaux Nijkerk mentioned. Ripple mentioned a big request on New Stablecoin RlusShe mentioned Chris Sandor.

Then in the organizational news, Paul Atkins A close confirmation of the SEC chair DC coding defender has long been Stem From the presidency, Blockchain Association to work in a new group that focuses on Solana.

A lot of news has followed a pattern we have seen in the past few weeks: hanging markets and the growth of the quiet industry with the help of organizational melting.

Looking at the loud macroeconomic environment, it will be great to see how the encryption continues in the fare.