Bitcoin rises with Asian stocks, while $41,000 resistance gets decisive after a brief but failed breakout overnight.
Bitcoin (BTC) returned above $41,000 prior to the Wall Street open on March 16 as good news from Asia and Russia buoyed stocks.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC on track to close week higherData from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $41,000 as a focus after the Chinese government promised fresh economic support.Beijing announced the move following weeks of tumultuous action on Chinese markets, with tech stocks suffering particularly badly. Now, Vice Premier Liu He said, the government would “actively release policies favourable to markets,” press outlets including the South China Morning Post reported.The result was a strong bounce on local markets, Hong Kong’s Hang Seng Index gaining over 20% on the day.US-listed Chinese stocks jump as
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