BTC price slumps to $62K as Bitcoin bulls bet on M2 money supply
Bitcoin offers a modest BTC price comeback after hurtling toward $60,000 in step with stocks worldwide.
Bitcoin (BTC) sought to reclaim $62,000 on Aug. 3 as markets inched higher after a fresh liquidation cascade.
Data from Cointelegraph Markets Pro and TradingView showed a 3% BTC price rebound taking shape after fresh multi-week lows of $60,435 on Bitstamp.
These accompanied a grim day for stocks worldwide, with the Nikkei’s 6% drop setting the scene for more losses on Wall Street. United States employment data, which fell far short of expectations, exacerbated the sense of panic.
Go to Source
Author: William Suberg
