Data from price tickers including CoinMarketCap revealed another day of major successes for Bitcoin, with daily gains topping 7.5%. At press time, the largest cryptocurrency hovered around $14,850, having risen to beat $14,400 and $14,500 resistance over the past 24 hours.
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With coronavirus cases skyrocketing and reopening in retreat, another February/March plunge is plausible (Photo: Roger Brendhagen/Scopio)MARKETS REPORT: Bitcoin eyes $9,000 as trader warns institutions are short, fear growing
Coronavirus is back in the spotlight as growing hospital admissions in the U.S. fuel a stocks rout that triggered losses for Bitcoin on Tuesday.
Having reached local highs of $9,330 on Monday, BTC/USD lost momentum overnight, in step with a dip on Wall Street with Tuesday seeing further losses. Bitcoin thus continues its correlation with macro markets.