Make Kitco Your Homepage

Bitcoin daily chart alert - Sharp losses on risk aversion Monday - Sep. 20

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Bitcoin-U.S. dollar are sharply lower in early U.S. trading Monday, as keen risk aversion in the marketplace is apparently prompting the strong selling pressure. That’s especially disappointing to the Bitcoin bulls who espoused their asset as a safe-haven store of value during turbulent times. More selling pressure in Bitcoin this week would produce serious near-term technical damage, to then suggest more downside in the near term. Stay tuned!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.