economic instability
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BTC Breaks Records: Bitcoin Price Surges Past $31,000
According to reports, Coinsecko data shows that BTC broke through $31000 today, and the current price has doubled from the lowest point of $15476 in Bitcoin on November 21, 2022.
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Foreign media: The inflow of safe haven funds drives Bitcoin to soar
It is reported that the Nihon Keizai Shimbun disclosed that the inflow of safe haven funds pushed Bitcoin up sharply. With the return of speculative funds, the risk of sharp fluctu
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The Resilience of Cryptocurrencies During Economic Instability
According to reports, Cathie Wood, CEO of Ark Invest, stated on social platforms that when the US banking system was paralyzed by bank runs threatening regional banks, Bitcoin, Ethereum, and other encrypted networks continued to operate unaffected. The instability of the banking system poses a threat to stable currency, which is the entrance to DeFi, in sharp contrast to what regulators have said. Ark Invest CEO: Regulators should not block transparent and auditable DeFi Analysis based on this information:In recent years, cryptocurrencies have gained popularity and have been increasingly adopted as alternative currencies. The global economy has been hit hard by the ongoing Covid-19 pandemic, and the role of cryptocurrencies in providing financial stability has come to the fore. The CEO of Ark Invest, Cathie Wood, recently highlighted the importance of cryptocurrencies during the financial crisis of 2008, which was caused by the failure of banks that led to a global recession. She emphasized that cryptocurrencies such as Bitcoin and…