Bitcoin has been something of a leading indicator for risk trades lately. It’s at the lows of the day, down 2.7% on a day when the Nasdaq is down just 0.2%. Now there is a tighter correlation with chipmakers, which are struggling today so it’s not a screaming red flag but it’s certainly a warning sign. It’s also another day of lackluster performance for bitcoin, which rose as high as $107,454 today before reversing sharply.
This article was written by Adam Button at investinglive.com.
