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Bitcoin takes another hit as Tech stocks crumble
Earlier updates here today noted how the performance of BTC was very much sensitive to the tech sector in general and perhaps the Nasdaq 100 in particular. Well, the Nasdaq 100 has just now fallen below 19,700 and towards 19,650 and that has taken the price of BTC lower with it. So, despite trying to re-establish itself back above the 200 day moving average a little earlier this afternoon, the lead coin has now capitulated to fresh selling and that has now seen it drop below 81k a moment ago and hence another step closer to 80k as this update is typed. BTC is right now at 80,550
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