Bitcoin Struggles to Hold $7K as US Stocks, Oil, Gold Fall in Sync

Bitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low. The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior. The US dollar, on the other hand, jumped on safe-haven demand. Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused…

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Author: toutiao