First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160. 

“There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst for the trading platform eToro, wrote Monday in an email. 

In traditional markets, European shares fell, led by banks and retailers. U.S. stock futures pointed to a lower open as investors…


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