Bitcoin was able to hit $10,800 Tuesday before falling on U.S. Pres. Donald TrumpÃ¢ÂÂs stimulus tweet. Meanwhile, the DeFi ecosystemÃ¢ÂÂs most popular wallet hit 1 million users.
- Bitcoin (BTC) trading around $10,555 as of 20:00 UTC (4 p.m. ET). Slipping 1.6% over the previous 24 hours.
- BitcoinÃ¢ÂÂs 24-hour range: $10,528-$10,800
- BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.
BitcoinÃ¢ÂÂs price was able to climb to $10,800 on spot exchanges such as Coinbase Tuesday before falling to as low as $10,528 immediately after President Trump tweeted his rejection of opposition lawmakersÃ¢ÂÂ most recent economic stimulus proposal.ÃÂ
Ã¢ÂÂOne thing that is still hanging over this market is the stimulus,Ã¢ÂÂ said Andrew Tu, an executive at quant trading firm Efficient Frontier. Ã¢ÂÂIt may take until after the elections for them to reach an agreement, which would be really bad for a lot of Americans relying on government