Bitcoin Looks Indecisive After Sell-off in Bonds, Tech Stocks
The largest cryptocurrency has failed to hold above $50,000 amid a downdraft in traditional markets.
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ESG funds will seek to avoid bitcoin investment, the research firm noted.
A bearish engulfing candle is just one signal among many market indicators and some analysts say the bull market is intact.
The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.
“Cash is king in times of distress, not bitcoin,” said one market watcher.
The cryptocurrency rose to $1.30, beating out its previous all-time high set in January 2018.
Markets
