Bitcoin briefly slipped under the $20,000 mark in Asian afternoon hours amid a drop in the Asian and European equity markets.
Bitcoin fell to $19,880, revisiting levels from last week, before gaining some $300 at writing time. The asset fell to as low as $17,710 in mid-June as investors took money off risky assets amid a poor macroeconomic environment.nearly 37-year high of 10% in Spain, denting investor sentiment in Europe. The Stoxx Europe 600 index fell 0.84%, while Germany’s DAX dropped 1.84%. Stocks in Asia also declined, with Japan’s Nikkei falling 0.92% and the Shanghai Composite shedding 1.40% despite some Chinese citiesWells Fargo said in a Tuesday note that a fall in equity prices was likely to “take time to repair.” In the U.S.
“For now we favor patience before committing new cash to equities,” the Wells team wrote. “With the Federal Reserve just beginning the tightening cycle, we have shifted our investment preferences away from economically sensitive assets and toward more quality-oriented and defensive assets.” The Wells note came as New York Federal Reserve President John Williams said Tuesday he expects the “U.S. economy to slow,” according toBitcoin has traded similar to risky technology stocks in the past year, meaning further downside in popular tech bets could see the world’s largest cryptocurrency dropping to levels previously seen before 2018.
shauryamalwa football players want to be paid in bitcoin? WTF?
shauryamalwa Who ever does these tweets I’ve no ideas tf there saying.
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