Bitcoin - Stable during market selloffs

While in the past weeks we have seen the strong sale of indices and shares, the cryptomarket, known as volatile at this time, were surprisingly calm.

Bitcoin is up 1% from last Friday, according to CoinDesk, and has remained stable in the range of around $ 6500 without much move in both directions.

We have seen another picture in the commodity market. Dow Jones Industrial Average dropped 3% last week. On Thursday, it made 500 points up, but on Friday again fell by about 500 points after disappointing data from key technical companies. At the end of the US session some of the losses recovered.

Concerns about the trade war and rising interest poured extra oil into the fire. But Bitcoin's indifference to "ruin" in traditional markets is a new phenomenon. Earlier in October, the fall in indices also fell in the crypto-lows. DOW lost about 1300 points within two days. Bitcoin then collapsed by 6%, and the entire crypto market erased $ 18 billion from its market value. Other crypto currencies also showed steady behavior. Ether is up 0.2% and XPR 0.4%.

Bitcoin's significant sell-off from the $ 19,000 peak last year has slowed down and it seems that the  crypto currency has bottomed out in the $ 6,000 zone. It seems that the interest of smaller traders has melted but, on the other hand, the interest of institutional buyers is gradually increasing.

Institutions are gradually adopting and adapting to the new type of technology. Fidelity launches a trading platform for institutional buyers, which is seen as the missing link to drive big players.

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