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Bitcoin drops below $65k again

Bitcoin has fallen back again today. The lead cryptocurrency has dropped below 65k once more. The fall commenced at the start of the Asian session, after it failed to make any progress above 68k. The high set then was at 68,110. The fall that has followed has seen it drop to a low so far at 64,595. That is just above the low seen on Sunday, at 64,538. Naturally a break below that level could open up further downside, but it has capped the sell-off so far today. So, despite lifting off that session low, the immediate downside risk does not yet seem to have been removed. Bitcoin is currently trading at 64,885

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