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Bitcoin Rally Reaches Exhaustion Levels
Bitcoin price retreated for the second consecutive day, as geopolitical risks continued rising. The BTC/USD pair dropped to 62,100, a few points below this week’s high of over 64,000. Bitcoin’s retreat coincided with the general decline of other assets like stocks and government bonds. In South Korea, the Kospi Index dropped into a bear market, while in the US, top indices like the Dow Jones and the Nasdaq 100 continued falling. The Dow Jones dropped by over 656 points. At the same time, the US Dollar Index (DXY) rose to $100.87, while the VIX Index rose to $17. This happened after President Trump announced that ... (full story)
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