btc once fell to $10280 due to bad news(9/22)

Bitcoin, which started at $10,913 yesterday (9/21 00:00, UTC+0), hit a low of $10280, peaked at $10984, and closed at $10,411 (9/21 24:00, UTC+0). Bitcoin, which turned upward after starting new week, began to decline as the European stock market opened at 08:00 and began to collapse. After falling to the first low of $10,490 at 12:30, it rebounded, then fell again when the US NASDAQ started and crashed, dropping to today's low of $10280 at 14:30.

There were various negative news in the stock market. Before the start of the European stock market, the news said that the chairman of the Nasdaq-listed Nikola hydrogen truck company resigned and that large US banks were suspected of illegal trading, and the Covid19 is re-spreading in Europe which could result UK's shutdown again. The European stock market collapsed with that news after the it opened. Euro Stoxx, the leading European index, fell -4.4%, and stock indices in most European countries fell more than -4%.

The US stock market seemed to end with a plunge since the Nasdaq fell more than -2% eflecting this bad news as soon as the market started, but the buying money's inflow led to a final closing of -0.13% (the Dow Index closed -1.8%). Once Tesla fell -8% and Apple fell -3.5% which means panic selling.

The Nasdaq's adjustment, which started in early September, seemed to end nicely, but it is doubtful that there is a force that wants to make the adjustment longer. When it continues to rise until the end of August, it ignores all the bad news and rises. When it falls from September, it responds greatly to small news and tends to increase the decline.

The biggest bad news was the spread of covid19 when the Nasdaq reached an all-time high until late February and fell. I wonder if the double dip, which economists have been talking about over the last six months of endlessly rising, may begin with the re-proliferation of covid19.