HomeUncategorizedBitcoin drops with stocks as analyst warns of banking crisis ‘endgame’ By Cointelegraph

Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’ By Cointelegraph

May 4, 2023

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© Reuters.

(BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking crisis.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground as the S&P 500 shed 0.7%.

SPDR S&P Regional Banking ETF (KRE) 1-day candle chart. Source: TradingView
BTC/USD annotated chart. Source: Rekt Capital/Twitter