Bitcoin Has Held Incredibly Well This Week: The Rest Of The Markets Struggle
hive-167922·@whatageek·
0.000 HBDBitcoin Has Held Incredibly Well This Week: The Rest Of The Markets Struggle
 What a bad week it has been for the markets. There was the stock market which has taken a turn for the worst over the last 7 days and saw a big drop similar to the one we have several months ago. Then there was the alt coin market which is close to almost monthly lows for some coins. But then you have Bitcoin which has held up remarkably well. To be honest even I'm surprised how well it is holding. Over the last few months Bitcoin and crypto have tied to the market but now it looks like Bitcoin is standing on its own and as everyone panics Bitcoin chills. There have been hacks and arrests this year but it does not seem to phase Bitcoin. Can you imagine how well the price of the coin would be if the market was in better shape right now? ### Alt Market Sadness Despite the Bitcoin rally alts have not really followed at all. Ethereum isn't in bad shape but it has a long way to go before it can talk about ATHs. In 2017 ethereum was at 12k so it would see to get closer to 700 to be where Bitcoin is which is almost double. I'm not too concerned as alts move fast and if the market does turn then you will see crazy days but it is not pretty on weeks like these and with no guarantees alts will have their season then we can only wait and watch. ### Bitcoin Is Super Bullish On the other hand Bitcoin doesn't look like it is slowing down and is in a good position for the rest of the year if things start to turn. The markets will probably only bleed for so long and when they start to rally Bitcoin is already sitting close to 14k. I cannot say if this will continue but it is a good sign. The market will probably be volatile for the next weeks with everything happening in the world but cryptocurrency us going nowhere so we will see what happens when things recover. It is has been a long year in so many ways but it is one that is coming to an end. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@whatageek/bitcoin-has-held-incredibly-well-this-week-the-rest-of-the-markets-struggle)
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