Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse.
Cryptocurrency daily market performance snapshot. Source: Coin360
The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed more than $150 million worth of assets had been stolen from the exchange, and the price only stumbled slightly as the CTFC announced that legal action was being taken against BitMEX exchange.
The price again avoided collapse when DOW and S&P 500 futures took a hefty drop upon the announcement that U.S. President Donald Trump had contracted the coronavirus.
In the past, just one of the above events would have easily tanked Bitcoin price by at least 10% and as history shows, altcoins would have been crushed even further.
According to Cointelegraph contributor…