Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks

Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks

Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open.

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

Stocks climb as U.S. dollar heads lower

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows.

The pair rose in line with stocks, with the S&P 500 and Nasdaq Composite Index gaining 2.7% and 3.2%, respectively within thirty minutes’ trading.

The action…


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