Coronavirus ‘Didn’t Cause’ Crash, BTC Recovery ‘Will Take Months’: Hodler’s Digest, Mar. 16–22

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

price did not crash 60% due to coronavirus, Binance CEO says

It’s fashionable to think that Black Thursday’s bloodbath on the crypto markets was caused by the coronavirus. But Changpeng Zhao, the CEO of Binance, disagrees. He believes the pandemic certainly triggered the current global meltdown — but added the mass sell-offs over recent weeks have proved that the world’s economy is far too weak. Many investors are hoarding cash as the uncertainty continues, but Zhao believes they will begin to broaden their portfolios in time. “Have people bought more Bitcoin yet? No, in most cases. Many of them are still panicking over toilet paper,” he said. BTC has come a long way over the past seven days — and, at the time of writing, it’s up by 12%, sitting pretty at about $6,000. This is some way off the highs of $6,900 that were achieved earlier in the week.

Is Bitcoin correlated with the U.S. stock market?

Congress proposal to give everyone $2,000/month “strengthens case for Bitcoin”

MakerDAO governance approves USDC stablecoin as collateral

Bakkt announces new direct payment integration with Starbucks (NASDAQ:)

Bitcoin’s price recovery may take months, Fundstrat analyst warns

Woman arrested for stealing $480,000 from crypto exchange she co-founded

Less than 1% of Australians used crypto to pay for services in 2019

Bitfinex to delist 87 crypto trading pairs aiming to improve liquidity

Does Bitcoin have intrinsic value or is it based on thin air?

Flying hot off the shelves — virtual land based on blockchain

China’s digital yuan is an economic cyberweapon, and the U.S. is disarming

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.