BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction
03 July 2020 - 9:00PM
NEWSBTC
Bitcoin plunged back towards $9,000 despite showing signs of upside
correction in the early Friday session. The latest price correction
coincided with the Federal Reserve’s balance sheet contraction that
strengthened the US dollar. S&P 500 remained closed on Friday
for the Independence Day holiday. The past 24 hours saw Bitcoin
breaking its short-term positive correlation […]
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