Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020
That debacle was ongoing at the time of writing, with revelations fanning out to include other firms with significant exposure to the defunct exchange.
With little light at the end of the tunnel visible, BTC price action remained unsurprisingly weak.
“Markets consolidating,” Michaël van de Poppe, founder and CEO of trading platform