Bitcoin capped a forgettable three days, dipping below $34,400 at the start of the weekend, before mounting a small comeback on Sunday. JPRubin23 reports
S&P 500: 4,397 -1.8%Bitcoin capped a forgettable three days, dipping below $34,400 at the start of the weekend, before mounting a small comeback on Sunday.
The tech-heavy Nasdaq fell 2.7% on Friday as investors continued to veer away from stocks that led recent years' charge in stocks. Two other major indexes, the Dow Jones Industrial Average and S&P 500 fell 1.3% and 1.8%, respectively. The market slump has stemmed from widespread concerns about interest rates, supply chain inefficiency and the ongoing coronavirus, which has been gathering strength in many parts of the U.S. even as it wanes in others.
"The market is holding its breath as investors look to the opening of the Asian markets for a sign of what equities will do this week," Joe DiPasquale, the CEO of crypto fund BitBull Capital told CoinDesk."If Asian markets open strong, we can expect demand for crypto to go up, and even more so if the U.S. markets have a strong Mondday.
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