Market Wrap: Cryptos Mixed as Global Uncertainty Lingers; Dogecoin Pumps

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MARKET WRAP: Bitcoin $BTC was roughly flat on Monday, compared with a 26% pump in $DOGE. Will markets stabilize? Here are some key metrics.

Performance across cryptocurrencies were mixed on Monday as investors braced for additional market risk.China’s latest COVID-19 outbreak

Typically, investors reduce their exposure to speculative assets, such as stocks and cryptos, when faced with high uncertainty. So far this year, the S&P 500 is down about 12%, compared with a 17% decline in bitcoin . Meanwhile, gold, a traditional safe haven asset, is up 3% over the same period, albeit down 8% from its recent peak in March.newsletter explaining what happens in crypto markets – and why.

Meanwhile, dogecoin rose by as much as 26% on Monday after Twitter accepted a takeover bid from Tesla's CEO Elon Musk.

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Bitcoin facing a sudden fall in the market doesn’t mean anytime, now isn’t the time to panic sell but to buy the dip, HODL and Whig the ride. While we wait for the market recover and get better, it’s important to follow experts like Candicestewartt to get daily BTC analysis.

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