Bitcoin turns positive after overnight sell-off briefly pulls it below $56,000
Publishing timestamp: 2024-09-04 16:11:16
Summary
Bitcoin slid back toward $55000 overnight as it caught up with broader market sell-off. Tech stocks struggled in U.S. trading Tuesday, with sector coming off its worst day since September 2022. Analysts warn that cryptocurrency could slide back to $50000 in September as traders wait for direction on U.S. interest rate cuts and presidential election.
Sentiment: MIXED
Tickers: COIN, MSTR, BTC.CM=, .N225,
Keywords: microstrategy inc, breaking news: investing, bitcoin/usd coin metrics, breaking news: markets, business news, investment strategy, cryptocurrency, coinbase global inc, bitcoin, markets, technology,
Source: https://www.cnbc.com/2024/09/04/crypto-market-today.html