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via Cointelegraph · By Cointelegraph Staff
What Happens to Bitcoin If Nasdaq Falls Further?
BTC
BTC/USDT
$63,061.03
-0.03%
$63,061.03
-0.03%
(24s)24h Volume
$2,360,573,916.49
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(08:52 PM UTC)
1 min read
Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday.
Key takeaways:
- BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support.
- Nasdaq technicals hint at a potential decline of over 10% in the short…
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