Bitcoin slides under $35K despite Biden unveiling $1.9 trillion stimulus

(BTC) fell below $35,000 on Jan. 15 as renewed strength in the U.S. dollar piled pressure on the largest cryptocurrency. BTC bounced off support at $34,300 and is trading at $35,300 at the time of writing.

4-hour candle chart (Bitstamp). Source: Tradingvidw

Data from Cointelegraph Markets and TradingView shows BTC/USD hitting its lowest in over 24 hours at publication time on Friday, with $34,000 so far acting as support.

BTC/USD (Bitstamp) vs. DXY (orange). Source: TradingView
Bitcoin price post-halving comparison as of Jan. 15. Source: Ecoinometrics/Twitter