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Bitcoin Surprisingly is Rising
The $60,000 level in Bitcoin is crucial. At this point, it looks like it will hold. On a day that has seen so many reasons for the markets to drop in general when it comes to risk appetite, it’s a bit surprising that I’m seeing the Bitcoin market jump. However, I think this is something worth paying attention to because we also have seen the Nasdaq 100 rally, and that does tend to have somewhat of a correlation to Bitcoin at times, although Bitcoin is in its own world at the moment. As it sold off so drastically, it makes a certain amount of sense that maybe we will have to see whether or not it can stabilize. ... (full story)
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