news

bitcoin

1 X bitcoin bitcoin =

Friday

14 August 2020

Market Wrap: Bitcoin Can't Stick to $9,000 While Stocks Rally - CoinDesk

Market Wrap: Bitcoin Can't Stick to $9,000 While Stocks Rally - CoinDesk


smart summary beta

Since starting the first week of May in tandem, bitcoin and the S&P 500 have been going in opposite directions.

There is some looming concern bitcoin’s price will keep sliding downward due to changes in mining economics since the May 11 bitcoin halving.

At Tuesday’s bitcoin prices, that 900 BTC translates to around $8 million per day. .

Miners will have to sell a lot of that bitcoin for cash, according to Swissquote’s Thomas.

Gold experienced heavy selling early in the session, with the yellow metal slipping less than a percent on the day to $1,710 at the close of New York trading. 

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Image

Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 2 months ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

Article Metadata

author

site

coindesk.com
Market data feeds provided by cryptocompare.com
bitsmart 2018