First Mover: Stimulus Bet Wins Even as Bitcoin Slips Below $18K

Bitcoin (BTC) was lower for a second day, slipping below $18,000 to the lowest in almost two weeks. 

“The momentum that characterized bitcoin throughout October and November seems to have cooled down,” Matt Blom, head of sales and trading for the cryptocurrency-focused financial firm Diginex, told clients Friday in a note. “Prices retrace even in light of positive news.” 

In traditional markets, European shares fell as Germany reported record virus cases and deaths, and U.S. stock…


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