{"id":9523,"date":"2022-04-12T22:42:00","date_gmt":"2022-04-12T19:42:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=9523"},"modified":"2024-02-19T21:50:48","modified_gmt":"2024-02-19T18:50:48","slug":"extreme-fear-bitcoin-shiba-monero-remain-bullish","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/hi\/2022\/04\/12\/extreme-fear-bitcoin-shiba-monero-remain-bullish\/","title":{"rendered":"“Extreme fear\u201d for Bitcoin while Shiba and Monero remain bullish"},"content":{"rendered":"

The bitcoin price seemed to be in a bullish way until it wasn\u2019t. During March, this currency experienced an increase of over 29%, but now we\u2019re in bearish territory again. Since the beginning of April, it\u2019s lost around 12% [CoinMarketCap]. The community hasn\u2019t reacted very well to it, because, according to the Bitcoin Fear & Greed Index, we\u2019re now into \u201cExtreme Fear\u201d.<\/p>\n\n\n\n

\u0939\u093e\u0932\u093e\u0901\u0915\u093f, we need to remember this isn\u2019t the first time that the \u201cextreme fear\u201d takes over the market<\/strong> \u2014and, probably, it won\u2019t be the last one either. Bitcoin (BTC) still has a highly volatile price, but some good signs are on the road. Some analysts \u0935\u093f\u0936\u094d\u0935\u093e\u0938 \u0915\u0930\u0924\u0947 \u0939\u0948\u0902<\/a> that the rising dollar inflation, the ongoing war on Ukraine, and the recent monetary plans by the U.S. Federal Reserve might be the culprits behind the bearish crypto market now.<\/p>\n\n\n\n

\"\u092c\u0947\u092f\u0930\u093f\u0936-2022-\u092c\u0940\u091f\u0940\u0938\u0940-\u0939\u0948\u0936\u0930\u0947\u091f\"<\/figure><\/div>\n\n\n\n

As for the good signs, more territories are adopting Bitcoin \u0915\u093e\u0928\u0942\u0928\u0940 \u0928\u093f\u0935\u093f\u0926\u093e \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902<\/a>, despite the current fear. After Ukraine, Prospera, an enhanced Special Economic Zone located on the Island of Roatan (Honduras), \u0936\u0941\u0930\u0942 \u0915\u0930 \u0926\u093f\u092f\u093e \u0939\u0948<\/a> to accept the first cryptocurrency as legal tender. Also, the autonomous region of Madeira (Portugal) is planning to do the same.<\/p>\n\n\n\n

This implies that the crypto users won\u2019t need to pay income taxes there, and they\u2019ll be able to pay for any service<\/a> required with cryptos. Additionally, Prospera is planning to allow Bitcoin bonds to attract foreign investors. Likewise, Indira Kempis, a senator in Nuevo Le\u00f3n (Mexico), is aiming to create more friendly<\/a> Bitcoin laws and even, if possible, make Bitcoin legal tender in her country.<\/p>\n\n\n\n

In the meantime, the bitcoin price lost its support at $40,000 and it\u2019s now at $39,800<\/strong>, after a minimum of $39,300 this week. That could be an early sign of recovery.<\/p>\n\n\n\n

Beyond Bitcoin fear, Shiba and Monero shine<\/strong><\/h2>\n\n\n\n

Generally, the market didn\u2019t perform very well last week, but there are always some exceptions. This time, the winners are the memecoin \u0936\u0940\u092c\u093e \u0907\u0928\u0941<\/a> (SHIB) and the privacy coin \u092e\u094b\u0928\u0930\u094b<\/a> (XMR). The first one earned over 16%, while the second one gained at least 6% in the last seven days.<\/p>\n\n\n\n

\"\u091a\u093f\u092f\u093e-\u0915\u094d\u0930\u093f\u092a\u094d\u091f\u094b\u0915\u0930\u0947\u0902\u0938\u0940-\u0928\u093f\u0935\u0947\u0936-\u092c\u091a\u0924\"<\/figure><\/div>\n\n\n\n

The bullish trend on Shiba might have to do with its recent adoption by the popular trading app Robinhood<\/strong>, along with other altcoins. Besides, the \u201cShib Army\u201d just burned<\/a> 258 million SHIB, and the whales in the community are buying<\/a> large amounts of the token. Currently, it has a price of over $0.000026 per coin.<\/p>\n\n\n\n

\u0926\u0942\u0938\u0930\u0940 \u0913\u0930, \u0935\u0939\u093e\u0902<\/a> some guesses about Monero being used to evade sanctions or simply as an anonymity tool in times of war. The recent avalanche of crypto regulations<\/a> worldwide might be pushing investors to look for more privacy as well. As a result, XMR sits now at $230 per coin, and Zcash (ZEC) is also turning bullish.<\/p>\n\n\n\n

\n\n\n\n

Wanna trade\u00a0BTC, XMR, and other tokens? You can do it<\/em>\u00a0\u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0930\u0942\u092a \u0938\u0947\u00a0<\/em>Alfacash \u092a\u0930<\/em><\/a>! \u0939\u092e \u0907\u0938 \u092c\u093e\u0930\u0947 \u092e\u0947\u0902 \u0914\u0930 \u0905\u092a\u0928\u0947 \u0938\u094b\u0936\u0932 \u092e\u0940\u0921\u093f\u092f\u093e \u092a\u0930 \u0915\u0908 \u0905\u0928\u094d\u092f \u091a\u0940\u091c\u094b\u0902 \u0915\u0947 \u092c\u093e\u0930\u0947 \u092e\u0947\u0902 \u092c\u093e\u0924 \u0915\u0930 \u0930\u0939\u0947 \u0939\u0948\u0902\u0964<\/em><\/p>\n\n\n\n

\u091f\u094d\u0935\u093f\u091f\u0930<\/a> * \u0924\u093e\u0930<\/a> * \u092b\u0947\u0938\u092c\u0941\u0915<\/a> * \u0907\u0902\u0938\u094d\u091f\u093e\u0917\u094d\u0930\u093e\u092e<\/a> * \u092f\u0942\u091f\u094d\u092f\u0942\u092c<\/a> * Vkontakte<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price turns red in fear, but it might be for the short-term only. Meanwhile, amid the blood bath, Shiba Inu and Monero shine. <\/p>","protected":false},"author":5,"featured_media":9531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[43,101,126,69,342],"class_list":{"0":"post-9523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends-alfacash","8":"tag-bitcoin","9":"tag-investment","10":"tag-monero","11":"tag-prices","12":"tag-shiba-inu"},"featured_image_src":"https:\/\/alfacash.blog\/wp-content\/uploads\/2022\/04\/Diseno-sin-titulo-6-e1649820334776.png","author_info":{"display_name":"Isabel P\u00e9rez","author_link":"https:\/\/alfacash.blog\/hi\/author\/isabel\/"},"yoast_head":"\n"Extreme fear\u201d for Bitcoin while Shiba and Monero remain bullish<\/title>\n<meta name=\"description\" content=\"Bitcoin price turns red in fear, but it might be for the short-term only. 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