Wall Street pumps following vaccine news while Bitcoin struggles
Bitcoin fails to follow stock market rally as US biomedical firm Moderna, announces COVID-19 vaccine tests were fruitful
US firm Moderna has announced that its coronavirus vaccine tests have shown some signs of success in patients who took part in the trials. However, Bitcoin appears not to have followed the stock markets in reacting to the news by continuing to hold within a tight range between $9,000 and $9,200.
Massive upticks in altcoin prices have also seen the market dominance of Bitcoin cut to its lowest levels since early 2019. Currently, it’s too early to say if Bitcoin is charting a separate trading trajectory that diverges from the stock market.