First Mover: UK Economy Setback Renews Questions of Bitcoin’s Resilience

Now, cryptocurrency traders may learn how bitcoin reacts as a new sense of pessimism sets in: Hopes that the global economy will snap back in a V-shaped recovery are diminishing quickly. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more.

The question for cryptocurrency traders is whether bitcoin would sell off if the markets took another leg down, or if it’s more likely to rally due to expectations of fresh money injections from central banks and governments. Tweet of the day Bitcoin watch BTC: Price: $9,245 (BPI) | 24-Hr High: $9,279 | 24-Hr Low: $9,125 Trend: Bitcoin is struggling to gather upside traction a day after carving out a bullish candle.

Timeline of Bitcoin