Bitcoin slides towards 62,500 as markets seek a better alternative

Earlier today Bitcoin was on the rebound and rising back just above the 64k handle. Well, it is not up there anymore. BTC has fallen back towards 62,500 a short while ago, as the markets shy away from risk. The thing is, BTC is the ultimate risk vehicle and that is not ideally suited to what is currently unfolding across the markets. Perhaps if things calm down, then it might bounce again, but for the time being we are seeing liquidation and not acquisition. That said, it has just lifted off the lows seen a moment ago. Trading and price action remains highly fluid right now and its remains to be seen, if the current downside will halt at the 62,500 mark. BTC is just now trading at 62,850, but the downside risks have not yet been removed