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Why Another Drop Below $9.4K Would Not Bode Well for Bitcoin Price

Published 02/24/2020, 12:34 PM
Updated 02/24/2020, 02:22 PM
Why Another Drop Below $9.4K Would Not Bode Well for Bitcoin Price
BTC/USD
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While the equity markets are taking a huge hit today, the cryptocurrency market and Bitcoin (BTC) price are remaining relatively stable over the weekend and into the start of this week. As the stock market pulls back traders will begin to speculate on whether the crypto market will react in a bearish or bullish manner. Is this just the calm before the storm?

One thing to note is crypto trading volume has drained away over the past few days. With volume going down, perhaps this is a signal that a big move will take place in the market soon.

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