sludgefeed.com
The past week has arguably been one of the biggest tests for digital currencies to date as the coronavirus-inspired sell-off continues to panic global markets.
After briefly falling below $4,000, Bitcoin (BTC) has shown signs of recovery on Thursday, surging more than 19% to $6,300. With BTC on the rise, the vast majority of altcoins have followed suit.
Here are some of the notable gainers that have managed to outpace Bitcoin on the day:
- Status (SNT) +64.4%
- Steem (STEEM) +53.8%
- Enjin (ENJ) +48.5%
- BitcoinSV (BSV) +36.7%
- V Systems (VSYS) +33.7%
- Crypto.com (MCO) +33.7%
- Komodo (KMD) +31.7%
- Maker (MKR) +27.8%
- Tezos (XTZ) +23.5%
- Dash (DASH) +21.4%
Time will tell whether this relief rally is a dead cat bounce or an indication that digital currencies are able to decouple from the broader market meltdown.