Increasing stock market volatility drags Bitcoin and altcoin prices lower
Cointelegraph
Published Feb 26, 2021 06:02PM ET
Updated Feb 26, 2021 07:40PM ET
The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.
Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.
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Written By: Cointelegraph
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