Gold and bitcoin tumble while equities swing upward on COVID-19 vaccine news
Cryptocurrency markets whipsawed Monday morning during a broader market session driven by news from pharmaceutical firms Pfizer and BioNTech about their late-stage COVID-19 vaccine efforts.
The price of bitcoin bucked the broader market, falling by more than 5% after rallying above $15,800 earlier this morning. At last check, the price of bitcoin was trading slightly below $15,000. Meanwhile, global equities reacted positively to the vaccine news, which reports say has been found to be more than 90% effective.
See more for yourself here (https://www.theblockcrypto.com/linked/84034/gold-bitcoin-equities-covid-vaccine-pfizer-news?utm_source=cryptopanic&utm_medium=rss).