The Upcoming Covid-19 Vaccine is Diminishing Bullish Sentiment on Bitcoin
Bitcoin’s price had dropped more than 5% after Pfizer announced that its COVID-19 vaccine trials are producing positive results. Meanwhile, the Dow Jones Industrial Average surged 1,000 points, leading to a strong U.S. stock market rally. A new obstacle is headed by Bitcoin as the economy of the world is getting back to normal, collapsing in the current financial system seems not to be occurring soon. Therefore, Bitcoin is expected to move sideways in the short term.
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