Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Reading:Crypto Now Officially Seen as Financial Instruments in Germany

Bitcoin has plunged through key levels of support today dragging the entire crypto market down with it as usual. Gold conversely continues to rise, is BTC still a safe haven?

Crypto markets have dumped over $15 billion in the past 24 hours as the correction accelerates. The move lower was largely expected after such an extended period of good gains and there is no need for panic or FUD just yet.

Total market cap is back down at $260 billion which is 10% lower than it was at the beginning of the week. Volatility is still a huge aspect of crypto asset markets.

Bitcoinhas collapsed through key support levels at $9,300 today as it bottomed out at $9,100 during early hours trading in Asia.

The move hasaccelerated losseswhich began almost a fortnight ago and have so far resulted in a 13% pullback which is nothing unusual for BTC.

It is currently holding on to this support level with the lower one around $8,800. Below that there is nothing stoppinga dump down to $8,300where more solid support lies. A move to the upside is looking very unlikely at the moment.

According to thechartsthe precious yellow metal hit a newseven year highthis week of $1,670/oz marking an overall rise of 10% this year which is impressive for a non-volatile asset.

With bitcoins decline some have begun to question its status as digital gold as itdecouples from the asset.

In yesterdays market termoil, we found that Bitcoin is still not Digital Gold

Charles Edwards (@caprioleio)February 25, 2020

Naturally serial bitcoin basher and goldbug Peter Schiff couldnt resist sticking his oar in despite BTC outperforming gold this year by 16%. It should be noted that these tweets generally appear to be posted solely to troll the crypto community.

It should be clear to Bitcoin bugs and CNBC anchors that Bitcoin is digital risk, not digital gold.

Over the past 5 trading days the Dow Jones is down 7.3%, the NASDQ is down 7.9%, and The Grayscale Bitcoin Trust is down 22%. In contrast GLD, which tracksgoldrose by 1.6%. It should be clear toBitcoinbugs Bitcoin is digital risk, not digital gold.

Peter Schiff (@PeterSchiff)February 25, 2020

Granted gold has maintained gains in recent weeks and continues to build on bullish momentum. However, there is no denying that both stocks and digital assets have blitzed it in terms of performance this year, even with recent losses included.

Bitcoin is still highly speculative so it stands to reason that prices will slump and volatility remains high when the world is in complete chaos. With entire cities being locked down fewer people are going to be thinking about trading digital assets, and it has a fraction of the market cap that gold has anyway.

Gold has always been a favorite for institutional investors who generally prefer more stability in their trades. This does not mean that BTC is no longer a safe haven, but only that it has yet to gain the momentum of more established assets when markets are in utter turmoil.

Has BTC lost its digital gold status? Add your comments below.

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