Bitcoin Dips Below $7K As Traditional Markets Flatline
Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China.
The world’s largest cryptocurrency by market value dropped beneath its temporary supports near the $7,000 price level at around 22:46 UTC (5:46 p.m. New York time) on Nov. 24 and is currently changing hands for $6,924, according to CoinDesk’s bitcoin price index.
The plunge in crypto comes at a time when traditional markets cooled slightly by Nov. 22’s close, likely due to sentiment surrounding the rhetoric from the U.S national security adviser, Robert O’Brien, who warned that President Trump would not turn a blind eye to Hong Kong’s ongoing crisis.