Mt. Gox fund liquidation weighed heavily on bitcoin yesterday in what was an otherwise-strong environment for risk assets. It’s been a tricky run for bitcoin as it disconnects from the tight correlation to the Nasdaq.
I think that connection is ultimately restored and it climbs back into the $64,000 range but I also think the market is partly trading off politics and the falling odds for Republicans would seemingly hurt crypto.
This article was written by Adam Button at www.forexlive.com. Source