Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust
Macro-induced mayhem costs Bitcoin bulls dearly as Ethereum also loses key $3,000 support. Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls' latest advance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sheds $3,000 on U.S. stocks plungeData from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street trading session.Thursday had seen United States markets react sharply to "surging" Treasury yields, the Nasdaq 100 dropping 2% and....
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Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would sell the bitcoin. Additionally, the shares of Microstrategy’s firm have also dropped considerably during the last 30 days, after multiple bitcoin treasury purchase announcements. Critics Say Tesla Should Sell Bitcoin After Tesla announced to the world that there was $1.5 billion worth of....
Reducing the balance sheet may spark bigger Bitcoin losses than a rate hike, one analyst warns. Bitcoin (BTC) fell into the Wall Street open on Feb. 16 as markets held their breath over upcoming comments from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Chop then breakout "makes sense" for BitcoinData from Cointelegraph Markets Pro and TradingView tracked a swift decline for BTC/USD around the start of trading, with lows of $43,312 appearing on Bitstamp.The pair had managed to hit $44,500 overnight, these gains dissipating as traders....