Bitcoin price, stocks and gold plunge in tandem — What’s next?
Cointelegraph
Published Sep 03, 2020 04:42PM ET
Updated Sep 03, 2020 11:20PM ET
The price of Bitcoin (BTC), the S&P 500 index, and gold all fell simultaneously on Sept. 3. The sentiment around the markets remains cautiously negative after the drop.
Two factors likely triggered the abrupt decline of Bitcoin by over 8% on the day. First, miners sold off unusually large amounts of BTC in a short period. Second, the U.S. dollar index has started to recover from a key multi-year support area.
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Written By: Cointelegraph
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