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Bitcoin falls below 86k as Nasdaq 100 opening losses deepen
Following on from the previous update looking at the lower US stock market opening in general and the Nasdaq 100 in particular. The Nasdaq has now fallen even more and it is approaching 19,750. The impact of that fall is also pushing Bitcoin lower and in the process underpinning the current correlation between the two, that has been highlighted here many times in recent days/weeks. So, BTC is now dropping back towards its 200 day moving average once more, As noted here earlier, that is in place around 85,500. It has not tested it yet, but if those Nasdaq 100 losses deepen further then it might soon do so. BTC is right now at 85,925
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