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Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time
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Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week.
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it fell back below $46,000 overnight on Sunday, reaching lows of $45,787 on Bitstamp.
The pair had hit $48,300 before a reversal took hold as Asian stocks opened the week on a limp note thanks to Coronavirus.
"The U.S. stock markets will be having a pretty bad day when it comes to today. Also, the European stock markets will be opening with red numbers," Cointelegraph contributor Michaël van de Poppe warned in his latest YouTube update.
Like others, Van de Poppe highlighted strength in the U.S. dollar providing extra friction for risk assets such as Bitcoin. With the
Read more on cointelegraph.comAbout this in other media
Bitcoin dips below $47K as US dollar surge dampens BTC price performance cointelegraph.com /2 years ago
Armenia lifts Turkish trade ban as officials hint at a thaw in their relations euronews.com /2 years ago
Bitcoin gains after $46K drop as 'bottoming out' continues into 2022 cointelegraph.com /2 years ago
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