Financial News

Bitcoin price rejected at $10,000 again, follows global equities lower

By: Invezz
Bitcoin halving is about to happen

Bitcoin price failed to move above $10,000 again, which caused the price action to rotate lower and return below $9,500. One of the key reasons behind the drop in prices is the correlation with the stock market as U.S. equities recorded one of the worst days since March. Fundamental analysis: Markets turn lower as the number of infections rises Global equity markets turned sharply lower on Thursday as the number of infections has continued to rise, hinting the virus may be on the upswing. Cases are rising in nearly half of the United States as authorities gradually ease lockdown measures. 

The post Bitcoin price rejected at $10,000 again, follows global equities lower appeared first on Invezz.

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