This article was posted on Thursday, 11:18, UTC.This question keeps coming in crypto articles and communities and I’d like to lay it to bed once and for all.// -- Discuss and ask questions in our community on Workplace.Don't have an account?Send Jonas Borchgrevink an email -- // Safe haven assets are things that tend to go up in value when there is prevalent uncertainty or fear in the world.Gold, Bonds, and the Japanese Yen are all considered Safe Havens.Bitcoin is not a safe haven asset and bears little or no correlation with other traditional markets at this time.The cryptocurrency markets are still too small to have any effect on other markets.The entire market cap of all cryptos is now about $100 Billion.To put it in perspective, the market cap of just the S&P 500 in the USA is standing at more than $20 Trillion.So, the answer is no.Not in a traditional sense anyway.However, the practical use cases in specific countries like Venezuela, Argentina, Zimbabwe, Iran, Iraq, Egypt, and even Russia, that are seeing extreme currency risk proves that bitcoin is an excellent store of value.

So though it does not correlate at the moment, this is a form of digital gold.-Mati Greenspan eToro, Senior Market Analyst Please note: All data, figures & graphs are valid as of June 15th.All trading carries risk.Only risk capital you can afford to lose.The traditional markets went on a wild ride yesterday.There was a big swing down, then a big swing up only to wind up in the same place it started.Though volatility spiked around the time of the Fed meeting, the VIX volatility index still closed at near record low levels.As was widely expected by the markets, the Fed did indeed raise their interest rates by 0.25% despite stagnant inflation and wage growth.The headlines that are saying that Fed has defied inflation but actually what’s happening is that they’re playing a huge game of chicken with the financial markets.If the Fed blinks at this point or acknowledges that the economy isn’t doing well, it could set the already overvalued stock market for a tumble… and we wouldn’t want that.

What was more important yesterday was the Fed’s aggressive stance in offloading their bloated balance sheet.They have about $4.5 Trillion worth of assets that they purchased during the quantitative easing from 2009 to 2014 that they would like to start selling back to the market by the end of the year.bitcoin catching up slowIt’s a move intended to show confidence in the economy.bitcoin segwit whenIt’s the same old story that has been playing out since 2012.bitcoin mining motherboardGreece currently has more debt than they could ever hope to pay back.ethereum stock nyseThey’ve already received two bailouts and they will need a third in order to avoid bankruptcy by next month.bitcoin tap faucet

The IMF wants to help but only if the EU is willing to write off some of the unsustainable debt that is choking the Greek economy.ethereum documentaryGermany is not willing to forget, or forgive and so we have a standoff.bitcoin calculator advancedThe most likely outcome is that we see some sort of temporary deal to release enough funds to avoid another Euro crisis but a long term solution is still very far away.will litecoin increaseNonetheless, we will keep our eyes on the news as this story has massive market moving potential if anything changes.bitcoin security gmail password leakThe cryptocurrency markets are currently seeing the biggest pullback in their short history.

Of the top 100 digital coins, only 3 are in green over the past 24 hours.The entire market has lost about $19 Billion from top to bottom.Many traders in eToro are seeing this as a golden opportunity.This remains the most high risk investment you could possibly take and it is possible we could see bitcoin around $1000 again before not too long.However, given the breakthrough in Japan and possibility of the same happening in India, there is a distinct possibility that over the next 24 hours we could see the lowest price that will be in the next 24 years.Thanks for reading & have an amazing day!This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation.Past performance is not an indication of future results.Only risk capital you’re prepared to lose.Important: Never invest money you can't afford to lose.Always do your own research and due diligence before placing a trade.Read our Terms & Conditions here.Trading in Ethereum’s digital currency, Ether (ETH), briefly surpassed bitcoin for the first time on Thursday afternoon.

The trading preceded an eight percent price drop in Bitcoin, plunging from $1,222 down to $1,132 before recovering to $1,180 in the afternoon.Ether has been trading at record highs over the past week.The “fuel” for Ethereum is up 23% today alone.On Thursday morning, around 9 AM Eastern Standard Time, the 24 hour trading volume totalled $424.9 million USD, while bitcoin’s was still at $383.7 million.Bitcoin’s trading volume has historically dwarfed Ethereum, and the “honeybadger” of crypto quickly regained it’s position.Bitcoin’s dominance over the altcoin market has been slipping all week, and today it plunged to an all-time low of 73 percent, down from 84 percent on Saturday.The drop marks the first time that bitcoin’s market cap made up less than three-quarters of the total cryptocurrency market’s capitalization.Meanwhile, ether’s market cap surpassed four billion dollars, as it hit highs above $47 on Thursday, up 282% over the last seven days.Ether trading is largely conducted in bitcoin, with the US dollar, Chinese yuan, and Korean won following at an accelerated pace.Before Saturday, Ether’s previous all time high was recorded on Bitfinex, $21.69 on June 16, during the infamous DAO attack, which resulted in Ethereum’s blockchain undergoing a hard fork that led to the creation of the cryptocurrency ethereum classic (ETC).Ether broke through it’s all time high on Saturday, and has been trending upwards all week.

The biggest jump came on Thursday afternoon, taking the cryptocurrency from $40.47 to $46.20 in an hour and 35 minutes.A variety of exchanges started trading Ether throughout 2016, and the Enterprise Ethereum Alliance (EEA) launched on March 3rd.The EEA and Microsoft jointly announced their participation, alongside fortune 500 companies including Intel, J.P.Morgan, BNY Mellon, BP, ING, Thomson Reuters and several blockchain startups.Former Bitcoin developer and Bloq CEO Jeff Garzik has been appointed to the alliance’s Technical Steering Board.The consortium has released a paper that outlines the organization’s “vision for users and stakeholders to propose, implement, and integrate advances to the Ethereum protocol with support for Enterprise Ethereum protocols.” The EEA’s mission is to “build upon the only smart contract supporting blockchain currently running in real-world production and to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.”In the meantime, the Bitcoin scaling debate has been growing more and more contentious.