You were warned- BTC swings again as odds on Trump victory widen

An earlier update here this afternoon warned readers there will be plenty more price swings to come in Bitcoin ahead of the US presidential election next Tuesday. Well, not long after that update went out, the lead coin fully endorsed that warning, by sliding around $2,500. It fell from a session high at 71,591 to a low at 69,059. The fall came as US yields lifted and the dollar continued to rebound, especially versus the Yen. It was also due to a narrowing of the odds on some betting sites; that Trump will win the race. BTC has recovered some of that fall now and reclaimed the 70k handle a moment ago, but the point was made and as you can see, this is going to be treacherous at times over the next few days. As to how it might trade over the weekend is equally uncertain too. BTC is currently trading at 70,115