Bitcoin briefly falls below $ 80,000 on reinforced fears of recession

Bitcoin In short, lowered below the $ 80,000 level, on Monday, was dragged by constant sales pressure on the stock market.

The price of the leading cryptocurrency was last lower by 3% to $ 80.1,27, according to metric metric coins. In a little day, Bitcoin hit $ 79,162.46.

Actions of companies associated with cryptoms and presentations. Coin fell approximately 9%. Slave Lost 13% and Bitcoin Proxy game StrategyPreviously known as Microstrate, he refused 11%.

Bitcoin ETFS lay off your fourth week in a series of outflows. Last week, they signed up from $ 867 million outflows, bringing a four-week total of $ 4.75 billion, according to coins. The continuous bearing pushed the CRIPTO prices even lower over the weekend, and Bitcoin was abruptly on Sunday night at the level of $ 80,000 for the first time from 28. February.

President Donald Trump signed executable Establish US Reserve Bitcoin and a stock market of stock late last week, disappointing some investors. However, macro uncertainty was a key driver of the accelerated move down, after Trump did not turn off during the weekend Possibility of recession in the US

Absent Catalyst Crypto Catalyst, Macro Concerns will probably continue to weigh cryptocurrent prices in close time. This week, the market will watch key economic indicators, including opening openings and research on Tuesday, Consumer Price Index on Wednesday and Pro Pricing Index Thursday.

Although investors expect the prices of cryptocurrency probably pulling even more before they have launched a new record, their positive look in the year driven by regulatory drops is still intact.