Locally, Bitcoin continues to be pressured by negative news around the possibility of a second wave of the pandemic, the dangerous situation on the stock market, and the reluctance of weak miners to leave the market after halving. The volume of funds in the hands of investors is much more than the number of directions where they can invest this money. Following the financial market plays against the benchmark coin as it was perceived as a counterbalance to the traditional market. Now investors have even less reason to invest in cryptocurrency, which suffers along with the entire market of risky assets.
The FxPro Analyst Team