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
-
Why Did The German Government Sell Off 50,000 Bitcoin In 2 Weeks
The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason... -
German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about... -
Hack of Indian Crypto Exchange WazirX Sends SHIB, WRX Tumbling While Bitcoin, Tether Trade at Massive Discount
Notably, the bitcoin-rupee (BTC/INR) pair has declined by 11% to 5.1 million rupees ($60,945), trading at...