Bitcoin fell far sharper during the coronavirus selloff than traditional markets, but the recovery was far faster and earlier than traditional markets. This suggests to me that retail pushed the price up with their stimulus checks far more than traditional markets did in the month of April, likely with news about the halving. It also tells me that traditional markets aren't as interested in Bitcoin as much as they were last year, because bitcoin is continuing the trend of dumping harder when the traditional markets dump.
If American citizens get more stimulus, will that be the catalyst for a 11k+ bitcoin? Google search interest in bitcoin has plummeted since April, so maybe bitcoin needs a news event to remind people it exists?
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