Bitcoin Dips Below $30K As S&P 500 Officially Turns Bearish -Breaking
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© Reuters. Bitcoin Dips Below $30K As S&P 500 Officially Turns Bearish- The S&P 500 is down 20% from its latest peak.
- TradingView data showed that the trading volume was below $28,700 as of Saturday.
- It is just at the edge of collapse.
The S&P 500 is down 20% from its latest peak, which now officially means it meets the definition of a bear market territory.
TradingView data showed that BTC/USD traded below $28,700 as of the weekend. The pair then gained approximately $500. Being down 4.7% from the previous day’s $30,700 highs, the pair seemed to be range bound after the United States stocks indices saw a volatile final trading day of the week.
The S&P 500 seemed to have reversed after initially falling at the open, although it is still showing bear market tendencies by trading at 20% below its high from last year.
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