Bitcoin dumps on news of successful COVID-19 vaccine trials

[Jentot]

Bitcoin dumps on news of successful COVID-19 vaccine trials

Bitcoin apparently did not like all the fanfare over good results in a COVID-19 vaccine trial

Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine.

Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from $15,800 down to a daily low near $14,815, based on TradingView data. Crypto's pioneer asset bounced slightly by the time of publication, sitting near $14,908.

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