A risk-off tone sent US markets lower overnight, a move that is likely to extend into today’s Asia-Pacific trading session. The Nasdaq-100 Index (NDX) fell 0.81% in New York trading. The drop in technology stocks followed encouraging data out of the United States that showed the demand for goods across manufacturers remains strong. Bitcoin prices fell too likely as a result of the broader pullback in market sentiment. In an interview, SEC Chair Gary Gensler labeled Bitcoin as a commodity. That would suggest that Bitcoin may better fall under the regulatory scrutiny of the Commodity Futures Trading Commission (CFTC). ... (full story)