Bitcoin (BTC) struggled to stay above $65,000, after falling below $64,000 during Wednesday’s American trading hours. After briefly retaking $65,000, BTC drifted toward the $64,500 mark, down around 1% on 24 hours ago. The CoinDesk 20 Index is about 2.4% lower. The halt in Wednesday’s rally followed an equity market sell-off, with the tech-heavy Nasdaq index dropping 2.7% and the S&P 500 falling 1.3%. Joel Kruger, a market strategist at LMAX Group, said that the crypto rally might stall if the stock market sell-off turns into a correction, but over a longer time frame may provide a haven for investors fleeing stocks.
Related posts
-
US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million
U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing... -
Germany Dumping $2.8B Bitcoin (BTC) Is ‘Market Intervention,’ Despite Murky Legal Justifications
Hartmannsgruber, who regularly advises politicians and authorities as a board member of the Blockchain Bundesverband e.V.... -
Bitcoin miner Crusoe to build ‘multibillion-dollar’ AI data center in Texas
Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build...