Bitcoin rises into the week’s Wall Street open as China spooks investors, but BTC price analysis reveals what looks like growing support for a major drop.
Bitcoin (BTC) spiked past $43,500 into the Feb. 5 Wall Street open as United States markets reacted to Chinese stock turmoil.
Data from Cointelegraph Markets Pro and TradingView showed local highs of $43,515 on Bitstamp — a new February BTC price record.
Bitcoin had heated up into the week’s first Asia trading session as China’s CSI 1000 index shed 8% in a single day, prompting authorities to impose further controls on short selling.
