Bitcoin reverses lower as Nasdaq 100 losses mount

Well, if ever you wanted further confirmation of the very close link between the Nasdaq 100 and Bitcoin these days, then there is no better than what we are seeing unfold right now. Earlier today BTC lifted above 88k, but it stalled just short of 88,300 and after two attempts to pass that level it fell back. The slightly lower opening on the Nasdaq 100 this afternoon did not immediately have an impact on BTC, but as the tech sector index takes a deeper hit, it sure has now. So, cast an eye on BTC and you will see it has dived in the past couple of minutes, falling close to 86,500. That fall comes as the Nasdaq 100 losses deepen and the index trades towards 20k, down more than 225 points on the session right now. The low on BTC has just been set at 86,467. It is right now at 86,660