Fitch Reveals Why Bitcoin Survived The Binance Hack

33m ago•

Cointribune

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The scene illustrates Bitcoin's ability to better withstand economic and financial crises. In the foreground, a determined superhero proudly reveals the Bitcoin symbol on his chest, embodying the strength and resilience of this cryptocurrency. Behind him, an apocalyptic landscape shows collapsing banks, a cracked globe, and overturned oil barrels. A downward red chart symbolizes the collapse of traditional markets. Lightning and black clouds accentuate the violence of the economic turbulence. Overall, it presents Bitcoin as an asset that is potentially resilient to crises, without suggesting that it is entirely immune to corrections.

Bitcoin only lost about 6% after the $6.3 billion hack suffered by Binance, a much more limited reaction than during previous crises. For Fitch Ratings, this resilience reflects greater market maturity, but it mainly reveals an evolution of risk: the failure of a platform threatens the global price less while still directly exposing its clients and creditors.

L’article Fitch Reveals Why Bitcoin Survived The Binance Hack est apparu en premier sur Cointribune.

33m ago•

Cointribune

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