Currency Economy

Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors

Cryptocurrency (Mar 11, 2021 10:00AM ET) Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors

Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors

Bitcoin (BTC) fell $2,000 overnight on March 11 after United States-based multinational Oracle (NYSE:ORCL) dispelled rumors that it had bought 72,000 BTC.BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

Data from Cointelegraph Markets and TradingView showed BTC/USD returning to $55,000 on Thursday after hitting local highs of around $57,00.Bitcoin volatility vs. Amazon (NASDAQ:AMZN) market cap vs. BTC/USD chart. Source: Mike McGlone/ Twitter

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