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Bitcoin Follows Stocks Dip on Banks Downgrade Warning

 1 year ago
source link: https://www.trustnodes.com/2023/08/16/bitcoin-follows-stocks-on-banks-downgrade-warning
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Bitcoin Follows Stocks Dip on Banks Downgrade Warning

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Banks HQs at Canary Wharf in London

Banks HQs at Canary Wharf in London

Bitcoin has slightly dipped, down by about 1% or $300 to $29,150 with it seemingly following stocks that also fell about 1% and are due for a little bit more red today according to futures.

Stocks fell following a warning by a Fitch Ratings analyst that banks, including potentially JP Morgan, could be downgraded if it further cuts its assessment of the banking industry following a downgrade in June to AA-.

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