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After absorbing a $20 billion hit, bears appear to have started covering their GameStop Corp. positions in earnest as the stock plunges.
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This week, on three-day bitcoin charts, the 100- and 200-period MAs formed the bull cross for the first time in three years. The bulls so far have not been able to take advantage of the situation and organize a breakthrough:
Read moreTraders were once again blocked from buying shares of GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), but this time, instead of Robinhood interfering with the ability to trade, it was Square's (NYSE:SQ) Cash App.
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