Italy Bitokin Rising - The Solution to the Crypto's Fall Another Economic Crisis?

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Crypto money It is perhaps another kind of economic crisis that moves the market. The economy of Italy has begun to prone to a serious fall and imbalance in the light of the waves of economic tensions in the EU .

Italian Economy Increases Price of Bitco

Italian bows continues to sink and the negative effects it brings are affecting stocks and the stock market. But as the global financial markets plummet, bitcoin has finally begun to see the day again. The price of bitcoin may have a parallel relationship with the previous day as a decline in the value of a decent currency, such as a potential threat, bitcoin which avronun now rushing in at press rates of $ 7,490 after dropping to the lowest price level of May

A Reason for Recovery

The crypto money markets have been searching for a reason to recover and that many of us have been looking for a move from central governments around the world to offer a catalyst.

At this time, harsh criticism from central banks and governments and despite the prohibitions, the mechanics of the crypto money markets worked well - despite the low volatility and low commercial volume - a development-focused recovery and once again stressed the power of the decentralized world.

The crisis in Italy added a serious burden to the shoulders of avron and the European nominal money was raised against the Dollar over the next few months, lowest levels. The Italian bills were sold entirely against the possibility of the country having the third largest economy in Europe to exhibit its own Brexit . A decent currency, such as Bitcoin, became even more attractive after Europe's nominal exchange rate became more volatile.

Fundstrat 's famous name Thomas Lee Business Insider

"It is good to recover Bitcoin with Gold for a while, because the negative developments in Italy and the global economy push investors to take no risks. It is very happy that Bitcoin is seen as disconnected from such a risky period. "

As an example, we can take the economy of Venezuela and Latin America. Although the economic conditions in Venezuela are specific to the region, the only thing you have in your hands as a result of hyperinflation, food shortages and poor government is a currency that is all over the top. As a result, we see that the trading of Venezuelan currency and bitcoin started at a record rate in the middle of April. This rate is so high that the obtained data shows that more than 1 million within a day has been traded from bolivar to bitcoin ''.

Italy's EU his destiny has not yet been finalized and seems to be an early election in the coming months. At this time it is not the only crypto bitcoin that benefits from it Other leading cryptographic currencies such as Ethereum Ripple Bitcoin Cash and Litecoin Cardano was able to see 10% with a very sudden increase.

Source:
CCN

Graphs:
Coin Market Cap

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Steemit: @engindagli