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Bitcoin still tracking NVIDIA?
Yesterday Bitcoin made another move above 71,500, but once again it did not sustain the move and fell back. The drop back towards 70k late last night ahead of the wider US close was then followed by another rebound today. The fact that BTC failed to make progress beyond 71,500 could arguably be linked to the slightly lower close last night in NVIDIA. There is every possibility that was the case, given the still tight, positive correlation in place between the two. So, until and if that changes, it might be wise to keep an eye on the NVDA stare price if you are trading BTC. So, today BTC has stalled just short of 71,500 again, with the high so far set at around 71,440. Bitcoin is currently trading at 71,255
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