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Over the past day, the BTC price has broken the $ 6,000 mark; most altcoins have also begun to recover.
Despite the huge collapse in global markets,Bitcoin has shown stability above the $ 5,000 mark all week. Yesterday, after breaking the $ 5,500 mark, in just 4 hours, the cue ball hit a daily high of $ 6,430.
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Flex Young, CEO of crypto-financial services company Babel Finance, commented on yesterday's breakthrough:
Since March 12, the price of bitcoin has been tied to the US stock market. However, yesterday, at 3 p.m., their correlation began to weaken. I believe that bitcoin has come out of the US stock liquidity crisis.
Following the BTC, altcoins began to recover. Ethereum, the second largest cryptocurrency by market capitalization, has added about 20% in the last 24 hours.
Btcoin Cash and Btcoin SV showed more significant growth, adding 29% and 45.5% per day, respectively.