BTC price action remains at the mercy of equities performance at the Wall Street open.
Bitcoin (BTC) fell on the May 24 Wall Street open as weakness in stocks saw sell-side pressure return.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewEquities give crypto no respiteData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it revisited its lowest levels of the past seven days.At the time of writing, BTC/USD traded at around $28,800 amid volatility, having hit $28,614 on Bitstamp — a zone last seen on May 18.The S&P 500 lost 2.4% on the open, while the Nasdaq 100 managed a 3.5% decline.Stocks once again controlling the price of #Bitcoin. What’s surprising is how well it’s holding up relatively though. Most stocks having way larger daily drops than $BTC.— IncomeSharks (@IncomeSharks) May 24, 2022
In a fresh Twitter update, Cointelegraph contributor Michaël van de Poppe flagged a pivot point
We współpracy z: https://cointelegraph.com/news/bitcoin-price-returns-to-weekly-lows-under-29k-as-nasdaq-leads-fresh-us-stocks-dive
