|All Time High:
|The price of #SHA today is $0.000499 USD.
The lowest SHA price for this period was $0, the highest was $0.000499, and the exact current price of one SHA crypto coin is $0.00049870.
The all-time high SHA coin price was $0.018.
Use our custom price calculator to see the hypothetical price of SHA with market cap of ETH or other crypto coins.
|The code for Safe Haven crypto currency is #SHA.
Safe Haven is 3.5 years old.
|The current market capitalization for Safe Haven is $2,244,168.
Safe Haven is ranked #803 out of all coins, by market cap (and other factors).
|The trading volume is small during the past 24 hours for #SHA.
Today's 24-hour trading volume across all exchanges for Safe Haven is $7,156.
|The circulating supply of SHA is 4,500,000,000 coins, which is 53% of the total coin supply.
|SHA has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 4 crypto exchanges.
|Note that there are multiple coins that share the code #SHA, and you can view them on our SHA disambiguation page.
More Safe Haven (#SHA) News
|Argentina Allows Banks to Open Yuan Accounts — Economist Says It C...
The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging all of their local currency to U.S. dollars,” an economist explained.Banks in Argentina Now Authorized to Open Yuan Accounts
Argentina's central bank announced Thursday that it is now allowing Chinese yuan in bank accounts. The announcement states (translated by Google):
The Central Bank of the Argentine Republic has incorporated the renminbi yuan as an accepted currency for deposit-taking in savings banks and checking accounts. Financial entities will thus be enabled to open bank accounts denominated in renminbi yuan.
The decision by Argentina's central bank to incorporate the Chinese yuan aligns with the country's struggle against a dwindling supply of U.S. dollars. The move also coincides with China's ongoing efforts to promote the internationalization of its currency.
In addition, Argentina's National Securities Commission announced in June that it would allow dealing in renminbi-denominated securities. Earlier this month, China’s central bank, the People’s Bank of China (PBOC), and Argentina’s Central Bank signed an agreement for a 130 billion yuan ($17.9 billion) bilateral currency swap over three years.
BBVA Research’s senior C...
|Two Thirds of Millennials View Bitcoin as Safe Haven (Survey)
A study by BanklessTimes revealed that 67% of respondents aged 27-42 consider bitcoin a safe haven.
Previous polls have shown that millennials are among the most active demographic groups in the cryptocurrency space and have a friendlier outlook than older generations.
BTC Emerges as an Important Asset for Millennials
According to Jonathan Merry - CEO of BanklessTimes - the primary cryptocurrency is a vital investment instrument for millennials as it offers financial freedom and allows them to diversify in times of economic uncertainty.
Those born between 1981-1996 are more open to digital innovations and are more likely to deal with BTC than Generation X and Baby Boomers. Older individuals remain predominantly conservative by sticking to fiat currencies and expressing skepticism toward the crypto sector.
Most millennials that participated in the survey believe bitcoin will go mainstream in the following years. They also see it as a better monetary tool than the dollar, euro, or any other national currency.
The asset's decentralized nature and limited supply cap seem to be the most essential merits for the demographic group to classify it as a safe haven.
Staying out of the central banks' reach means bitcoin is not a subject of dubious monetary policies introduced by governments. Its maximum supply of 21 million coins ever to exist caused many to believe that it could serve as a hedge against inflation. The scarcity could also increase the USD valuation of t...
|Gold Proves To Be A Safe Haven Asset Amid Bitcoin Crash
The advantages of holding bitcoin over gold have been publicized and debated countless times. These two digital assets, one a physical asset and the other referred to as the “digital gold”, have both gone head-to-head when it comes to which one is the better store of value. As the bitcoin crash raged on last week, the discussion is once again being had about the merits of holding a relatively stable asset such as gold compared to a volatile one such as bitcoin.
Gold Provides Cover
Over the past week, the price of bitcoin had declined more than 30%. This had led to a sea of red in the market as the rest of the cryptocurrencies followed suit. During this time, the year-to-date value of bitcoin had dumped significantly. As of Tuesday, gold is up 0.6% year-to-date, putting it in the green territory. As for bitcoin, the cryptocurrency is now down a whopping 55% on a year-to-date basis.
The volatility of bitcoin has been a cause for concern for those in the traditional finance market. However, it has also been one of the biggest pulls for those invested in the asset. It had grown more than 50% last year to an all-time high of $69,000 before declining over the next six months to a low of $17,600.
BTC price trading below $21,000 | Source: BTCUSD on TradingView.com
While the sell-offs have rocked bitcoin, gold has not been as unfortunate. So when it comes to the argument of which of these digital assets serves as the better inflation hedge, gold has now come ahead o...
|Institutional Investors Seek Safe Haven In Crypto Products Amid Market U...
Institutional investors have been a big part of the crypto market ever since they started investing in the market. Just like every other investors, institutional investors are not immune from the wild price fluctuations that characterizes the crypto market. This has resulted in big money looking for safe havens to move their money into while the worst of the market blows over. Sometimes, they turn to altcoins but this time around seem to have fond better luck with crypto products.
Outflows Rock Market
The recent recovery of the crypto market has been rocked once more by outflows. As prices had recovered, more investors had chosen to take profits and this had lead to more outflows. The previous week saw these outflows from digital investment products grow as high as $141 million in a single week, one of the largest in 2022. This had seen the total assets under management (AuM) decline towards one-year lows, now sitting at $38 billion. More Upside Coming?
Both Bitcoin and altcoins were not spared the onslaught. For the pioneer cryptocurrency, the inflow trend from the previous week had been swiftly reversed. It instead saw outflows totaling $154 million in a single week, making it the largest loser from last week. In the same vein, Ethereum had also followed in the footsteps of bitcoin with outflows reaching $0.3 million.
Other altcoins would not follow this trend though. Digital assets such as Cardano and Polkadot have been making their way into the radar of institutiona...
|Bitcoin As Safe Haven Asset On The Spotlight As BTC Crosses $43K
According to figures from Coinbase and Coindesk, cryptocurrency values have risen nearly as swiftly as they fell, with some analysts referring to Bitcoin's capacity to act as a safe haven asset during times of global turmoil.
The cryptocurrency market cap reached $1.7 trillion today, indicating that the broader crypto industry has rebounded nicely.
Bitcoin is active today, trading at $43,232.38, up by 14.40% since Monday. It is within the boundaries of a bullish trend that may affect the cryptocurrency market until the coming weeks.
BTC posted a high of $43,760.46 and a low of $37,585.36. Its market capitalization at present is $820.17B.
Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning
As for Ethereum, it also showcased bullish trends with a current price of $2,919.47, which also had an 11.69% increase in the past 24 hours.
It has highs reaching $2,972.33 and lows of $2,571.94; its market capitalization is on a high note, at $343.74 billion.
Safe Haven Asset Tested
The impact of Russia's invasion of Ukraine was felt by markets worldwide. The Bitcoin market was not spared, with its market capitalization dropping below $1.5 trillion.
However, as evidenced by Tuesday's positive price increase, Bitcoin has recovered enormously.
Greater volatility in the global cryptocurrency market will undoubtedly increase as the war continues, resulting in substantial increases in the prices of Bitcoin and Ethereum.
Thanks to a last-minute rebound seen ear...