Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5K

[Tanimariya]

Stocks are up on fresh government stimulus expectations but when it comes to bitcoin, things are uncertainty in the near term.

Bitcoin (BTC) was trading around $9,500 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours.

At 00:00 UTC on Tuesday (8:00 p.m. Monday ET), bitcoin was changing hands around $9,414 on spot exchanges such as Coinbase. It then climbed 2% to as high as $9,591 before sell volumes pushed bitcoin back down. The price is now above the 50-day moving averages but below the 10-day moving average. For technicians, this signals prices are expected to move sideways for a bit.
Read more info: https://www.coindesk.com/market-wrap-stocks-rally-on-possible-stimulus-but-bitcoin-is-flat-at-9-5k