Good morning. Here’s what’s happening:
Market moves: Bitcoin fell below $40,000 briefly as U.S. stocks continued to drop thanks to a newly hawkish Federal Reserve.
Technician’s take: BTC buyers could respond to short-term oversold signals, although upside appears limited.
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Prices
Bitcoin (BTC): $41,797 -0.2%
Ether (ETH): $3,077 -2.6%
Markets
S&P 500: $4,670 -0.1%
DJIA: $36,068 -0.4%
Nasdaq: $14,942 +0.05%
Gold: $1,801 +0.3%
Market moves
Bitcoin fell again on Monday during U.S. trading hours after a small recovery over the weekend. The bearish price move came after U.S. stock market losses deepened as investors brace for actions from a more hawkish Federal Reserve.
The most valued cryptocurrency fell below $40,000 briefly in early hours before it moved back above $41,000. At press time, bitcoin was changing hands at over $41,500, down about 1% in the past 24 hours, according to