Bitcoin Price Plunge: Buy on Macro-Economic News Selloff, Analysts Say

25 Apr

Bitcoin Price Plunge: Buy on Macro-Economic News Selloff, Analysts Say

Source: Crypto News
Bitcoin Price Plunge: Buy on Macro-Economic News Selloff, Analysts Say

Bitcoin Price

Bitcoin price (BTC) hit the $9700 resistance level early in Wednesday trading before losing all the gains in the next few hours. Traders profit-taking-strategy and the downtrend in U.S. stock markets hindered the bull-run in cryptocurrency markets.

The majority of digital currencies are in the red today. Bitcoin Cash (BCH) and IOTA (MIOTA) are among the most prominent losers among the top ten crypto coins.

Source Image: coinmarketcap.com

Market pundits are blaming bearish trends in the U.S. stock market for the selloff in cryptocurrency prices. The Dow Jones industrial average …

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