Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

“Since the beginning of the month, BTC/USD has gained more than 17%, which looks like an impressive result but only at first glance,” FxPro senior market analyst Alex Kuptsikevich wrote in an email about the bitcoin/U.S. dollar pair. “The thing is, bitcoin was driven as low as possible by the end of June, and the current remarkable rise is just a recovery to the levels of three weeks ago.”

Originally Posted on: https://www.coindesk.com/markets/2022/07/08/market-wrap-bitcoin-gains-for-third-consecutive-day-as-binance-launches-zero-trading-fees/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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