US stocks fallen, Bitcoin price showed both bullish and bearish signals...How about the cryptocurrency volatility?

US stocks declined on Thursday. On 23th(ET), in the New York Stock Exchange(NYSE), Dow Jones Industrial Average 30 Index traded at 26,652.33, dipped 1.31%. S&P 500 Index ended at 3,235.66, decreased 1.23%; the Nasdaq Composite Index recorded 10,461.42, fallen 2.29%. US blockchain technology stocks slid 2.99%.

The rise of American unemployment claims since the end of March, caused by the growing of COVID-19, affected the investor sentiment. Tech giant stocks, such and Microsoft, Apple, Amazon and Tesla, were sharply fallen.

For the last 24 hours, Bitcoin recovered the USD 9,600 level. Some indicators, including RSI and MACD, show bitcoin bulls are winning. Some speculate that bitcoin can reach USD 10K.

"The recent announcement from the European Union to kickstart another $857 billion euro round of stimulus and the expectation that the U.S. Federal Reserve will follow suit with a $1 to $2 trillion economic stimulus package could also be boosting investors’ belief that as long as the Fed is printing, equities will rise and Bitcoin will soon make another run at $10K," reported Cointelegraph.

"Now that Bitcoin price has managed to close the day above $9,500 investors will watch to see if a higher high above $9,775 can be achieved, after which a shot at the $9,900-$10,000 level comes into play," it added.

"Bitcoin volatility is recovering, while more institutions are showing their interests in the cryptocurrency. With the EU's agreement on COVID-19 stimulus and the expectation for America's another economic stimulus, Bitcoin is likely to rise to USD 10K," anticipated Coindesk.

"Bitcoin has strong resistance zone between USD 9,600 and USD 9,700. In the mid and long term, bitcoin's future would be determined by the resistance zone," said NEO, an analyst of OKEx.

Meanwhile, altcoins are showing bullish signals. Ethereum(ETH) price surged 9.04%, driving the rally of altcoin market. "Following factors prompted Ethereum to show bullish sign: Market's expectation for the launch of ETH 2.0 and the view on Ethereum that it is underestimated compared to Bitcoin; and the rise of Ethereum trade volume, led by Ethereum whales; a news that the US Federal government allowed banks to offer cryptocurrency custody service," suggested BeIncrypto.

Other major altcoins also rose: Ripple(XRP) by 2.79%; Bitcoin Cash(BCH) by 2.00%; Bitcoin SV(BSV) by 3.51%; Cardano ADA(ADA) by 1.53%; Litecoin(LTC) by 2.16%; Chainlink(LINK) by 4.84% and Binance Coin(BNB) by 4.46%.

Investors were largely confident about their investment. Fear & Greed Index, provided by Alternative, recorded 55, increased 5 points, turning into 'Greed' level. In the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed".

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