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Daily Bitcoin Price Analysis: Bitcoin’s Reaction To The Collapse Of Stock Markets
Last week Bitcoin’s price dropped to $437, but on Monday it rose back to $447. As we see, the reaction of Bitcoin to the stock market crash is continuing. We asked more experts to comment on the situation with the price of Bitcoin during the latest stock market crisis. Mike Lorrey, the co-creator of cryptocurrency Galactic and cryptocurrency BitGold said: “A further key issue wrt BTC price is what’s happening in Chinese markets. The collapse of stock markets and halts to trading there will have two contravailing reactions: a) traders will seek to move assets into something more portable and …
Bitcoin / Jan. 11, 2016