While Many Cryptocurrencies Including Bitcoin (BTC), Ethereum (ETH) Have a Sharp Crash Today, HIVE Continues to Stay Strong and Rise


Today, many cryptocurrencies, especially Bitcoin (BTC), Ethereum (ETH), have declined sharply. After today's sharp decline, all cryptocurrencies in the top 50 by market cap turned red. Few cryptocurrencies were unaffected by this crash. One of those unaffected by this regression was HIVE.


Bitcoin (BTC) crashed very hard today. Bitcoin is down about 9% today and has dropped sharply to around $59,000. The bears struggled to push the price further down but failed to break through the solid support at $59,000. Later, Bitcoin started to recover and returned above $ 60,000 and is currently trading at $ 60,751. But there is still a 5.92% decrease compared to yesterday.

Similarly, many cryptocurrencies, especially Ethereum (ETH), declined. In addition, approximately $600 million in Long positions in futures was liquidated. There were very few coins today that were not affected by the sharp fall. HIVE was unaffected by the sharp drop today and remained in the green. Moreover, HIVE drew a long green candle today.


HIVE is up nearly 50% today to $1.31. Afterwards, it regressed a little with sales demands and price adjustments. Currently, the Hive is trading at $1.0475 and although it has regressed a little, it is seen that it has gained about 18.5% compared to yesterday.

HIVE could have moved higher had it not been for the sharp decline in the crypto market. There are many positive developments on the HIVE side and the HIVE ecosystem is growing and getting stronger day by day. Great developments are happening on the HIVE side, I think it's still not too late to join HIVE.

I think the sharp decline in the crypto market today is not permanent. In the coming days, many cryptocurrencies, especially Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), will recover rapidly. But panic selling may continue a little longer, so you have to be careful. If there is no general negative atmosphere in the crypto market, I think they will recover quickly after the panic selling is over. In particular, I think HIVE will move higher in the future.

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