An overnight rally in the Bitcoin market paused midway as Donald Trump rejected a nearly $900 billion stimulus bill that passed both the Democrat-controlled House and the Republican-held Senate.
The bitcoin-to-dollar exchange rate slipped 1.13 percent to $23,554 in the pre-European session Wednesday. Traders apprehensively reduced their exposure to the cryptocurrency, anticipating that a delayed stimulus package would aid the US dollar’s rebound. The greenback is trading above its two-year low.
Technically, Bitcoin’s price moves appeared choppy. The flagship cryptocurrency kickstarted the week in a negative area on profit-taking sentiment. It also plunged as the news of a new coronavirus mutant turned investors to the US dollar’s safety. Bitcoin fell …