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Bitcoin price broke down suddenly below the $9,000 mark, breaking down along with global stock prices.
Crypto analysts believe the Friday slump across markets is a response to the still uncertain trade deal between the US and China.
The DJIA fell by 1% to 26,666 points, the same loss was logged by the S&P 500 futures, to 3,085 points.
The stock prices are a factor with the potential of indirectly influencing the BTC price.
The Bitcoin (BTC) price was mostly stagnant in the past week, calming down with expectations for a bigger move.
In other Cryptocurrency news today, Ripple CEO reacts to XRP sell-off, says bullish trends emerging for Crypto ecosystem at large.
In a new interview, Ripple CEO Brad Garlinghouse offers his take on XRP’s performance in 2019.
Ripple XRP began the year at $0.35 and is now $0.27 at time of publishing, while Bitcoin and most of the Cryptocurrency market at large are in the green for the year.
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