Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts
Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar.
Bitcoin's recent bull run is giving back some recent gains amid coronavirus-induced losses in the global stock markets.
Bitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets.
Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a "no-deal" Brexit.
With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.
Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long-term HODLers in the process.