Bitcoin price limps under $20K as Asia extends global stocks weakness
Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it crossed below the $20,000 mark for the first time in nearly a week in Asian trading hours.The weakness followed rangebound behavior near $21,000, this characterizing a market still in tune with moves in global equities.The S&P 500 had finished its previous session down 2%, while the Nasdaq Composite Index lost 3%.
On the day, Hong Kong’s Hang Seng was likewise 2.1% lower, while China’s Shanghai Composite Index traded down 1.4%.With few bullish cues coming from macro, Bitcoin thus had little stopping it from revisiting the lower end of a range in place for several weeks.“Bitcoin is giving that correction, was anticipating a potential low at $20.3K,” Cointelegraph contributor Michaël van de Poppe wrote in part of his latest Bitcoin-focused Twitter update.
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