The equities of performance at the Wall Street continue to control BTC price movement. With what seemed like a subtle increase, it returned to its weekly low as of May 24th.
Income Sharks had this to say in a tweet about the Stock’s control over BTC prices.
“Stocks once again controlling the price of #Bitcoin. What’s surprising is how well it’s holding up relatively well though. Most stocks having way larger daily drops than $BTC.”
A Cointelegraph contributor in a tweet captured a possible pivot point, the $29,400.This may open up the opportunity for a sweep of lower support levels.
Altcoin losses intensify
Several of the top ten cryptocurrencies are approaching 10% daily losses. Ethereum lost $2000 as it hangs around $1900 since last week. It approaches its last line of support.
Solana was the biggest on the day, at $48.