The continuing tension between the United States and North Korea had a strong impact on global markets, especially on classical assets.
However, for bitcoin these events pass almost unnoticed, but rather, on the contrary, affect it positively.
The fall in stock prices in the US continues for the third consecutive day. Washington Post reports that yesterday was one of the worst days on the market for the entire 2017 (more precisely, in the ranking of the worst days, it is in second place). The fall is also noticeable in the UK and Europe.
The very nature of bitcoin lies in the fact that it should not experience the outbursts of volatility caused by tension and anxiety in the real world. Increasing tensions between nuclear countries have a negative effect on classical assets, but have virtually no effect on bitcoin. On the contrary, its cost has slightly increased, setting a new record at around $ 3500.
Not bitcoin unified In fact, all digital currencies continued to grow and fall based on their own assumptions, completely ignoring what is happening in a non-digital world.
Bitcoin Cash is experiencing one of the biggest falls in the short history of crypto currency. But this is due to the fact that the owners of this currency are experiencing certain difficulties with its sale.
Ethereum, the second by the capitalization of the crypto currency according to coinmarketcap, also fluctuates around 300 dollars recently, but all the fluctuations are caused by internal reasons.
Up and down Crypto-currencies are known for their volatility, but the discrepancy of global events with the Crypto-currency rates, which change based on internal factors, shows that these decentralized currencies will not be affected in the event of any global negative events, unlike traditional assets.