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Bitcoin (BTC) Falls While Stocks Rally as $940 Million Is Pulled from Exchanges
In an uncommon event of movement against the stock markets, the price of Bitcoin (BTC) fell by as much as 2.3% over the last 24 hours, while major stock indexes continue on solid upward trajectories.
The price of BTC, which opened for trade today at $19,650, is down 2.1% in value, trading at $19,144 at the time of writing. Bitcoin’s fall indicates a loosened correlation between BTC and stocks the all-time high recorded last month.
The 24 hour price chart for Bitcoin (BTC). Source: CoinMarketCap
Bitcoin’s drastic price drop comes as 48,000 bitcoins (worth $940 million) were pulled out of Coinbase (NASDAQ:COIN) Pro. CryptoQuant reported that the Bitcoins were moved by...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...