Bitcoin price: BTC resists after Twitter hack and trades above $ 9100

in GEMS4 years ago

Bitcoin (BTC) fell more than 2% on the day today and fell to the support of $ 9,000. The setback is due, among other things, to the countless negative media coverage of the crypto market after the hacking of various Twitter accounts and the subsequent scam that occurred yesterday afternoon. At the close of this note, BTC is trading at $ 9,090.

The fall of the main currency by market price comes after two weeks characterized by the range of USD 9,100 - 9,300. The massive sale that reduced its price by $ 200, was hours after Twitter was revolutionized by a massive hack to its main accounts.

Official accounts of millionaire Bill Gates, former United States President Barack Obama, current candidate Joe Biden, tycoon Elon Musk, apps like Apple and Uber, and hundreds of global celebrities, posted messages encouraging BTC donations. The scams reportedly resulted in thefts of approximately $ 100,000 in cryptocurrencies.

On the other hand, the movements of the Chinese market is also one of the macroeconomic factors that star in the current scenario. The CSI 300 index, which is based on the major companies listed on the Shanghai and Shenzhen stock exchanges, closed 4.8% below recovery data after the restrictions caused by the coronavirus pandemic.

The pullback on the $ 9,000 support dragged down Asian and European stocks. Additionally, U.S. equity-linked futures also fell 0.78% ahead of today's New York session. The strong correlation observed in recent weeks between BTC and the S&P 500 index - which reached a record last week - also explains the market's impact on the price of the cryptocurrency.

As for the altcoin market, the main cryptocurrencies suffered sharp declines, which were around 3 to 6 percent. Ethereum (ETH), the benchmark altcoin, fell 3.3% and is trading at just above $ 231. Bitcoin Cash (BCH) had a similar movement, and fell back to $ 221. For its part, XRP and Litecoin (LTC) fell 4% and are around $ 0.19 and $ 41, respectively.

Finally, the biggest drop in the main digital assets was for Cardano (ADA), which fell to USD 0.122 after a sharp correction of 6.5%.

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