RATE Group | Bitcoin is an investment of choice for millennials during coronavirus pandemic
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Bitcoin is an investment of choice for millennials during coronavirus pandemic

03 Mar Bitcoin is an investment of choice for millennials during coronavirus pandemic

Posted at 11:37h in Bitcoin News by

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  • Bitcoin’s short-term recovery is limited by a critical resistance of $9,000.
  • Millennials consider Bitcoin as a preferable investment tool along with gold.

BTC/USD is hovering around $8,800, down from Monday’s low registered at $8,974. The first digital asset came close to the critical resistance of $9,000 but reversed back inside the range as the upside momentum faded away on approach to the significant technical level. BTC has bee range-bound with a bearish bias on Tuesday, down 1.5% since the beginning of the day.

Millennials bet on Bitcoin

Millennials are more likely to choose Bitcoin as an investment during economic uncertainty caused by coronavirus pandemic, according to the recent research carried out by iTrustCapital.

Experts of the trading platform for cryptocurrencies and physical gold asked respondents about the assets they would choose during a pandemic outbreak of the coronavirus. Notably, gold was the asset of choice in all age-groups. About…

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