But Oanda’s Moya noted that even falling Treasury yields, “which makes crypto attractive,” have failed to move investors. “Right now, no one wants to buy this dip,” he wrote, adding that bitcoin could test support just above $25,000 and that $20,000 remains a possibility. “Bitcoin can’t stabilize until Wall Street sees calm and that might not happen for a little while longer.”
Bitcoin (BTC) Set to Become More Dominant Even as First Monthly Loss Since August Looms
As of the time of writing, bitcoin changed hands at $63,200, representing an 11% monthly loss, the first since August...