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Bitcoin drops back below 70k
Earlier today an update here noted how Bitcoin was following gold higher. The correlation between those two instruments was loose at best, but there did seem to be some symbiosis. So, as Gold has long since fallen back below $2,200 this afternoon it does rather make sense that BTC should be lower too. Well, it is now, but it has taken some time to catch up with the downside move in Gold. Bitcoin peaked earlier today at 71,562. It has fallen back to a session low at 69,317 since then. A rebound back above 70k that ensued after that low has now given way to another dip below 70k again. Bitcoin is currently trading at 69,470
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