Bitcoin erases latest gains with BTC price back below $20K as dollar spikes

Bitcoin erases latest gains with BTC price back below $20K as dollar spikes

Bitcoin (BTC) fell back below $20,000 after the Aug. 30 Wall Street open as data showed hodlers selling at a loss.

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

June lows look increasingly attractive

Data from Cointelegraph Markets Pro and TradingView captured the latest dive below the 2017 bull market peak for BTC/USD, with United States equities dropping in step.

The S&P 500 and Nasdaq Composite Index lost 1.1% and 1.25% in the first hour, respectively, while BTC/USD shed 2.5%…


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