Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses

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Bitcoin ( BTC ) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets. Cryptocurrency market daily overview. Source: Coin360Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD entering the $8,000 range in Monday trading — for the first time since May 28. The latest bearish move follows a difficult week for Bitcoin in which markets almost regained $10,000 before shedding $800 in a matter of hours on Thursday. After spending the weekend at around $9,400, support gave way once more as the outlook for the week on stock markets looked bleak. At press time, BTC/USD traded at around $9,000 amid an attempt to re-establish the level as support. Bitcoin 1-day chart. Source: CoinMarketCapOn Sunday, Dow Jones futures alone fell 900 points, with United States markets similarly uncertain prior to opening. As Cointelegraph reported , Bitcoin has become increasingly resilient to the impact from stocks gaining or losing dramatically, a process which has become known as “decoupling.”Nonetheless, hints of correlation remain, with Bitcoin now at its lowest in over two weeks. Last week came a warning that traditional markets were due for a crash-style correction within the next three weeks. At the same time, Cointelegraph analysts suggested that $10,000 would continue to evade the market for the short term — and perhaps even longer.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/bitcoin-price-dips-below-9k-amid-heavy-stock-market-futures-losses

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Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses: https://www.youtube.com/watch?v=BmPDNhGCqGY
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