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Bitcoin back above 100k this morning but where next?
As stocks fell and the dollar rose with US yields last night, Bitcoin came under fresh pressure and that saw the lead coin drop towards 100k. To be honest, by the time of the wider US close, it was a little surprising that BTC had not taken that 100k level out. Well, it did later do that, falling to a low earlier this morning, at 98,760. However, as with Gold it has staged a recovery of sorts since then. BTC has lifted to a high so far, at 101,476. The question from here on today; can it rebound with more certainty from here on? It could depend on whether or not the US stock markets tumble even more later today. If that happens it could spark further BTC redemptions, if needed to cover stock market losses. We shall have to see as this whole situation develops. BTC is currently trading at 101,215
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