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Bitcoin falls back again

08 Dec, 2020

In the past few minutes a number of leading cryptocurrencies have just dipped. Following on from an update here a short while ago, Ripple has fallen back further and so has its leader, Bitcoin. That has now given up on 19k yet again. The price has now fallen to a fresh session low as it tests 18,700 to the downside. The move lower in Bitcoin has also tied in with a relapse in the equity markets as European indexes and US futures all fall back. In that sense it is hard to deny all these moves are connected. However, there is no immediate fresh news to pin this too yet. Perhaps it is a degree of risk aversion creeping into the whole market but detecting where exactly that came from is not readily visible. Bitcoin is now trading at 18,770

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