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Bitcoin takes a dive on US data

There have been one or two quite surprising reactions to the latest US economic data and one that sticks out right now is on Bitcoin. The lead cryptocurrency seemed to take exception to that US data by plunging almost $2000 on the news from to to bottom today. Prior to that BTC had been trailing off a bit anyway, down from an earlier European session high at 43,360. The slide that just unfolded saw it plunge to a low at 41,551. It has rebounded now and in truth I can offer no explanation for the slide. If once comes to light then I will let you know. BTC has just recovered to above 42,350. Perhaps we can simply blame ever thinning December markets for the slide?

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