Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next

News BTC | May 29, 2020 at 1:00 PM
  • The bitcoin futures on Chicago Mercantile Exchange surged 0.16 percent to $9,545.
  • The upside move stalled a little above $9,500 after Donald Trump’s response to China’s new national law for Hong Kong.
  • Bitcoin, which remains positively correlated to equities since March 2020, chose to hold its intraday gains above $9,500, a crucial support level.