Bitcoin wipes out Trump election victory gains

As covered here in a number of updates yesterday, Bitcoin came under further pressure from the US tech sector stock markets. That saw BTC later fall below 80k, after it failed to hold any kind of rebound back above its 200 day moving average (now in place at 83,430). The lead coin later took another hit at the start of the Asian session today. That saw it fall to its lowest level since November 11 (ahead of the US election). Bitcoin tumbled to 76,606 earlier today, in effect wiping out all the Trump inspired election victory gains. However, it has rebounded from that low now and reclaimed the 80k handle. Of course this rebound comes alongside gains in the Nasdaq 100 futures. So, as with the price action yesterday, both will be in close correlation with each other by the looks of things today. The high since the low has been set at 80,510. BTC is currently trading at 80,095