Bitcoin is riding high as short sellers in the crypto derivatives market get squeezed out, triggering automatic buy orders.
Vaccine news is similar to trade tweets: markets eventually become numb. Migration from cities is not showing up in the data. S&P 500 correctly predicted the la.
Bitcoin price is currently trading in a bearish zone below $9,000 against the US Dollar. BTC remains at a risk of more losses towards $8,400 before it starts a fresh upward move.
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General sentiment has been very indifferent on Friday as most of the major coins trade in the red but ETC/USD pushes over 5% higher. Bitcoin failed to gather any real momentum from Thursday’s bullish.