In recent days, the price of Bitcoin has fluctuated in the range of $ 6100-6500, following the evolution of US exchanges.
The S&P 500 and Dow stock indexes fell by 4.41% and 4.44% yesterday, due to bad news about the pandemic. The United States has exceeded 200,000 cases of COVID-19 infection. Earlier this week, the White House estimated that up to 240,000 Americans could die from the virus in the next 3 weeks.
The current situation will most likely prolong the mass quarantine policies, causing negative effects on the economy.
During today, Bitcoin signals that it is decoupling from stock market developments. The cryptocurrency has grown to $ 6700, and bulls are pushing to maintain the support level of $ 6600. If they succeed, the BTC has the potential to raise up to $ 6900. Otherwise, the price will drop again to $ 6,400 or even $ 6,200.
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