According to COVID-19 news Bitcoin castle to 9K.

Bitcoin is not managed it is the current key resistance once again behind. The number of the seller pushed the BTC price under the brand of 9,000 USD.

• The current price of the Top crypto-currency on Monday morning – a few days before the Halving, at 12.05. – on a lower level
• USA criticize China for alleged Corona-proliferation

The crypto-currency begins the week of more pessimistic against the Background of re-COVID-19-headlines that put pressure on the industry. On the weekend there was evidence of further tensions in trade between the United States and China. There are allegations by the U.S. authorities allegedly targeted Chinese Corona misinformation.

The last sale of cost the BTC rate at an early stage 5 % compared to the previous day’s Opening. According to a previous peak of 8.957 USD Intraday lag-low price for 8.533 USD. Currently listed on Bitcoin at Bitstamp to 8.624 billion USD, which corresponded to a Minus of 4.25% within 24 hours.

The Situation suggests that it trader is difficult to stabilize prices in the Region above the critical support line of 8,500 USD. Nevertheless, they try to ensure a recovery in the Region beyond the 9,000 USD, and to lay the Foundation for the next rally with a view to the Halving.

BTC rally ends on resistance over 9,000 USD

The BTC rate was at the 3. May up to a level of 9,200 USD to recover. The Trend of the buyer could not keep. The price dropped to 8,500 USD. This shows how fragile the situation is currently. “Bulls” could not prevail, the seller could be of short-term profit opportunities to convince.

The majority of market participants seem to be confident. You can think of a constant recovery to new record prices, after the April had introduced the Bitcoin to an increase of more than 36 %.

However, More conflicts between China and the United States could be associated with a risk of loss for the Bitcoin and the crypto market. Re-baseless allegations by senior US officials, China’s laboratories have developed the COVID-19-Virus, and widespread burden on the markets.

Bitcoin rally over 9,000 USD by resistance tested

U.S. Secretary of state Michael Pompeo reported by ABC News:

“We can confirm that China’s Communist party sought to let the Rest of the world, not of the Corona diffusion of knowledge”

Pompeos statements are the continuation of the previous criticism of Beijing by the US President. Donald Trump had criticized the Chinese government, since they’ve made no statements on the origin of the Virus. The markets have suffered more since April under the strain of an impending escalation of the trade dispute between the United States and China.

Share prices had fallen, the futures markets of Europe and the United States, there were negative developments. The S&P 500 Index lost 2.8% and the DOW Jones declined by 2,55%, the FTSE 100, the Minus amounted to 2.61 %.

The fear of a Crash of the classic markets seems to entice traders as a result of a rising dollar to exchange their crypto holdings for “Bares”.