Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC price reflects drab stocks performance

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at dipping below $28,700 into the weekend, subsequently adding around $500.

Down 4.7% from the previous day’s $30,700 highs, the pair looked firmly rangebound at the time of writing after United States stocks…


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