Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty
After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.
Bitcoin traders love hitting buy on their terminals when the price is around $9,000.
Equities continue to beat bitcoin’s performance, but everything is making gains Monday.
Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.