Bearish moves for stocks appear in line with rumors of an incoming crash, with Bitcoin hitting its lowest levels in almost 3 weeks.
Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets.
Cryptocurrency market daily overview. Source: Coin360
Bitcoin price tests $9,000 resilience
Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD entering the $8,000 range in Monday trading — for the first time since May 28.
The latest bearish move follows a difficult week for Bitcoin in which markets almost regained $10,000 before shedding $800 in a matter of hours on Thursday.
After spending the weekend at around $9,400, support gave way once more as the outlook for the week on stock markets looked bleak.
At press time, BTC/USD traded at around $9,000 amid an attempt to re-establish the level as support.
Bitcoin 1-day chart. Source: CoinMarketCap