Global Stock News

$8.8 billion at risk! Can crypto avoid Monday shakeout if U.S. stocks crack?

$8.8 billion at risk! Can crypto avoid Monday shakeout if U.S. stocks crack?

Analysts expect Monday to be an “eventful” trading session. 

The question, though, is whether this is the most diplomatic way of describing what might actually unfold.

Looking at the ongoing developments surrounding the Iran-U.S. conflict, the word “eventful” seems like an understated way of describing what the U.S. stock market could face on Monday, the 20th April. 

For context, the past 72 hours have been highly volatile.

From the ceasefire boost to the U.S. President Donald Trump’s post about the Strait of Hormuz reopening, followed by the Iranian government’s immediate dismissal of his claims, the crypto market has mirrored this exact sequence.

Bitcoin [BTC] briefly broke above $78k, only to pull back toward…

Source link

Share this article

Scroll to Top