Bitcoin finally decouples from tech this morning

The slide in the Nasdaq 100 yesterday did weigh on Bitcoin. Eventually, as the tech stock losses mounted, BTC was forced to a fresh session low leading into the 4pm London FX fix. That saw BTC fall to a low at 81,206. However, since then it has managed to rebound and rise back above 83k today. That rebound has clearly decoupled from the price action seen across the Nasdaq 100 futures today and as such it marks a clear decoupling in the hitherto pretty consistent correlation between the two. That might return, but for now the divergence is in evidence this morning. There will be more to add on that as and when, but for now BTC has found some buyers off the lows. It is currently trading at 83,195