Bitcoin Plunges Under $6,000 as S&P 500 Sees Worst Week Since Great Recession

After a three-day rally from $5,400 to $6,900, Bitcoin has been dealt a significant blow by bears, who just minutes ago pushed the cryptocurrency under $6,000 after the 28% rally that some argued was a precursor to a bull trend. As it stands, BTC trades at $5,800, 16% below the local top.
Although a bearish daily trend hasn’t been confirmed, many have pointed to the rejection at $6,900 as notable, as that level was important for the asset for a number of technical reasons, including the fa