Bitcoin is surprising everyone, and the week has barely started—$10,000 is back, but can it hold or even go higher?
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Markets Report: Bitcoin Stays Wedged as Altcoins Boom and Gold Seeks News Highs
Calm conditions for stocks dictate more sideways price action for BTC/USD, as investors flock to gold and altcoins see a fresh renaissance
Bitcoin begins another trading week suspiciously calm, with weekend volatility next to nothing and the same $9,000 support remaining untested.
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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.
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MARKETS REPORT The week ahead: Stocks and safe havens combine with record Bitcoin fundamentals
The unusually buoyant equities resurgence continues, and Bitcoin remains sensitive to volatility, while fundamentals give a solid indication of network strength
Modern Consensus looks at the market forces at play that could make or break the price of Bitcoin this week.
