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Bitcoin whacked below 61k on the London Fix

Earlier this afternoon, around 2pm GMT, Bitcoin took a hit from above 63k, after it had earlier stalled ahead of 63,500. The move lower then extended even more coming into the 4pm London FX fix. Now, in days gone by that was quite often what happened to BTC; it regularly seemed to encounter a large orders around that time, but that has not been the case for a while now, but it sure is today. Bitcoin has fallen back underneath 61k a short while ago and in the process wiping out all its gains over the past 48 hours. The low seen this afternoon has been set at just above 60,700, but it is hard to say whether or not the move lower is yet finished with. BTC is currently trading at 60,900

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