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Bitcoin Drops 5% To Start The Week
Bitcoin experienced a strong uptick over the weekend nearly topping $11,200 off the back of a strong week of fundamental developments for the world’s largest digital currency. However, at the time of writing, bitcoin is starting the week down approximately 5%. A sudden risk-off Monday has enveloped all markets resulting in a strong sell-off across all assets except the dollar index ($DXY). The dollar has continued to flirt with a near-term uptrend over the past month, but has been “drug down” repeatedly by Federal Reserve statements aimed at weakening it. Despite the increased bullish sentiment over the ... (full story)
