Bitcoin Price Stagnates at $5,878 as the Dow Jones Drops by Over 500 Points

Bitcoin Price Stagnates at $5,878 as the Dow Jones Drops by Over 500 Points

Bitcoin continues to break new all time highs for 2019 day after day, currently trading at $5,929 and inching closer to the $6,000 resistance level. As discussed in our previous Bitcoin price analysis article, BTC/USD is starting to follow the same pattern as the stock markets which could signal that institutional investors are finally hopping on the crypto band wagon. If Bitcoin is in fact consolidating it’s movements with the stock market then we are in for a nasty day of trading today.

SEC Suspends Trading of 3 Penny Stocks With Tenuous Ties to Cryptocurrency, Blockchain

Today, February 16, 2018, the Securities and Exchange Commission (SEC) issued a press release announcing trading suspension of three companies that acquired AAA-rated assets from “a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.” The three companies in question, PDX Partners, Inc.