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Bitcoin hands it all back
Yesterday afternoon, as the dollar and US yields fell, that helped Bitcoin to make a move higher. The lead coin spiked above 68k and then through 69k and later just touched the 70k mark. The high seen was set at 70,002. However, that was the extent of it and despite another dynamic rise in the Nasdaq 100, BTC was unable to hold the gain. Then as the dollar recovered some of its earlier downside and US yields rebounded, BTC fell back. That fall has been extended upon today and a short while ago Bitcoin tested the 67k level. The low seen so far has been set at 67,001. It has rebounded off that low now though, but there can be little doubt; that BTC longs will not be impressed with lack of lasting traction over the past 12 hours. Bitcoin is currently trading at 67,370
Market News
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