Bitcoin falls toward $38K as stocks abandon Fed 'reactionary rally'

At the time of writing, the S&P 500 traded down 3%, while the Nasdaq 100 was down 4.1%, all within the first hour of trading.— The Wolf Of All Streets

Traders were broadly unfazed by the cross-market price action, and focusing on Bitcoin, Cointelegraph contributor Michaël van de Poppe argued that there was room for a retest of $38,000 without unsettling sentiment.Twitter followers, referring to a higher low, or HL, possibly being printed on the daily chart.Fellow trader Cheds meanwhile highlighted $37,500 as the level to hold to avoid deeper weakness next.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Plunges 900 Points, Tech Shares Crater As Stocks Erase Gains From Post-Fed RallyDespite a post-Fed rally a day earlier, the ongoing market sell-off continued with a vengeance on Thursday.
Source: Forbes - 🏆 394. / 53 Read more »

5 Things to Know Before the Stock Market Opens ThursdayU.S. stock futures dropped Thursday, one day after a strong Fed-driven relief rally pushed Wall Street higher for a third straight session.
Source: nbcchicago - 🏆 545. / 51 Read more »