RATE Group | Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins
86899
post-template-default,single,single-post,postid-86899,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins

28 Apr Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins

Posted at 08:47h in Bitcoin News by

  • Bitcoin starts correcting lower a day after hitting the local top near $7,81k
  • The move downhill occurs alongside a similar price action in Gold markets.
  • The yellow metal weakened towards $1,700 an ounce as some US states moved towards reopening economies.

Bitcoin showed first signs of withdrawing from its ongoing upsurge as its price slipped 1.50 percent a day after establishing the local top near $7,810.

The bitcoin-to-dollar exchange rate bottomed intraday at $7,677 during early Asian trade Tuesday, hinting it would extend its bearish correction to target technical support levels between $7,300-$7,500. The pair eased after US stocks hit a new seven-week high as states, including Florida, moved towards reopening their economies.

Source link

Tags:
, , , , , , , ,