A push to $9,200 fuelled by stock market optimism hides otherwise weak price performance in Bitcoin, with no end to the correlation in sight. Bitcoin faces a major test at the start of a new week’s trading, as an unlikely global stock market rally contrasts with rising uncertainty over COVID-19.
Monday’s Bitcoin rally in China’s Stock market, after BTC barely avoided breaking below 9,000 on Sunday [times in UTC] (Photo: TradingView).