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Bitcoin stalls again
Since the previous update here on its progress, Bitcoin has traded higher and then lower again. A little earlier this afternoon BTC was catching a tailwind from the gains in the US equity futures ahead of the opening. That saw it rise back close to 63,500 from an earlier dip to 61,615. Well, as those US stocks come back. that has shunted BTC lower again. The price action saw it hand back more than $1000 in pretty short order. It has held the 62k so far on this occasion, but that is not a guarantee that it will continue to do so. Once again the reader is drawn to the most recent positive correlation (albeit a loose one) between US stocks and the BTC price action. That observation was meant to guide and it is hoped it has done exactly that. Bitcoin is currently rebounding slightly, trading at 62,735
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