Bitcoin and Gold Face Setbacks as Promising Vaccine Trial Curbs Safe-Haven Demand

Bitcoin fell from a crucial resistance area as a promising coronavirus vaccine trial curbed safe-haven demand intraday. Drugmaker Moderna Inc. reported that the experimental virus drug boosted immune response to fight off the virus. The news boosted intraday risk-on sentiment, with the three Wall Street indices logging gains. Gold, like Bitcoin, fell. Bitcoin found its firm footing amid a growing health crisis. But now, the so-called safe-haven is showing its first signs of losing strength […]

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Author: toutiao