Bitcoin drops to $ 9,100
Behind CoinMarketCap data at 09:40 Moscow time, Bitcoin is trading at $ 9,106.9 (-1.39%).
Bitcoin balances about $ 9,100. It is worth paying attention to the current rate at a 50-day average on Thursday. However, while the first cryptocurrency managed to avoid a serious sale. The average price is now passing through $ 8300. The scenario for the first cryptocurrency, because it can attract new buyers.
It is also worth noting that since the beginning of the coronavirus pandemic, BTC has been highly correlated with the traditional market, whose representative on the chart is the S&P 500 index. I think this trend will continue for some time to come. If the pandemic situation worsens and in many countries where quarantine concessions are taken, a second wave will begin, then markets are likely to fall. Fundamentally, the pandemic is now a key driver of investment sentiment.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.