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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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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

November has been historically one of bitcoin’s greatest performing months dating back to 2012.

November 2018 was the main (and memorable) exception.$BTC is presently up only 1.5% for November 2019…What will the next 3 weeks bring?#bitcoin

— James Todaro (@JamesTodaroMD) November 5, 2019

Bitcoin Price Dips Below $9,000 as Global Stocks Slump