Bitcoin is back over $8K @ $8070 this morning

Bitcoin Back Over $8K as Traditional Markets Rebound

“Bitcoin is witnessing a recovery rally alongside the traditional finance markets a day after slumping to two-month lows.

The top cryptocurrency by market value is currently trading near $8,070, representing a 5 percent gain on lows near $7,640 registered on Friday, according to CoinDesk’s Bitcoin Price Index.

Major European equity indices like Germany’s DAX and France’s CAC are also flashing green at press time, while S&P 500 futures are currently up by over 4 percent.

Oil prices are reporting a 7 percent gain and the US 10-year note yield is trading at 0.70 percent, up nearly 35 basis points from Monday’s record low of 0.35 percent.

Gold, however, is down nearly 1 percent at $1,665 per ounce.”

https://www.coindesk.com/bitcoin-back-over-8k-as-traditional-markets-rebound