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Bitcoin dropped to one and a half-month lows Monday, alongside sharp losses in global equity markets and other growth-sensitive risk assets such as industrial metals, oil and commodity-dependent currencies. The broad-based risk aversion may have just begun as futures tied to the S&P 500 Index have convincingly breached the long-held 50-day moving average support, or area of buying interest. That means the latest downside break could be a harbinger of a deeper drop for bitcoin and other risk assets.

Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com
website ➜ https://bit.ly/InTheMoneyStocksite

#Bitcoin #BTC #Crypto
~S&P 500 Impact on Bitcoin | TechPath LIVE!~
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