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Bitcoin not exactly digital Gold so far today
Later yesterday evening Bitcoin looked like it could extend a move back above 100k. The lead cryptocurrency rose close to 101k. However, almost before the move started it was over. BTC tumbled back into the wider US close, as the Nasdaq 100 balked at the latest results from Alphabet (GOOGL). BTC tumbled back towards 97k. Earlier this morning, at the start of the Asian session today, that move extended towards 96k. The low seen was set at 96,185. A rebound that followed saw it rise close to 99k. The high seen was set at 98,953. In the short-term, if one compares the records being set in Gold this morning, you can see BTC is not exactly a better digital version. Well, it has the option to play catch-up today, but so far it is not making a very good job of that. BTC is right now trading at 97,715
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