Bitcoin is shortly less than $ 80,000 on increasing recession fears – NBC10 Philadelphia

Bitcoin It decreased briefly at the level of 80,000 dollars on Monday, which was withdrawn due to the continued pressure pressure in the stock market.

The price of the main cryptocurrency was 3 % lower at 80,185.27 dollars, according to currency standards. At its lowest level today, Bitcoin reached 79162.46 dollars.

The shares of companies associated with the encryption space slipped. Coinbase About 9 % decreased. Robinhood Loss 13 %, and Pressy Bitcoin Play StrategyPreviously known as microstrategy, decreased 11 %.

The investment funds circulated in Bitcoin start in the fourth week in a row of external flows. They recorded $ 867 million in external flows last week, thus reaching a total of four weeks to $ 4.75 billion, according to Coinshares. The continued decline pushed the encryption prices to a decrease during the weekend, with Bitcoin decreased sharply on Sunday evening to the level of $ 80,000 for the first time since February 28.

president Donald Trump Fell Executive To create the American Bitcoin Reserve and the Digital Asset stock in late last week, Disappointment. However, the uncertainty in the macro was the main driver of the accelerated step down, after Trump did not rule out during the weekend. The possibility of stagnation in the United States

In the absence of a censor catalyst, total concerns will continue to influence the prices of cryptocurrencies in the short term. This week, the market will monitor the main economic indicators, including job holes and employment circulation (JOLTS) on Tuesday, the consumer price index on Wednesday and the product price index scheduled for Thursday.

Although investors expect the prices of cryptocurrency to decline more before running for a new record, their positive outlook on the year driven by the regulatory back winds is still sound.