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Bitcoin drops to $40,000 |  Forexlive


After yesterday’s ugly reversal candle in bitcoin, it continued to slide. It is now down $779 to a session low of $39,880.

Unlike the Nasdaq, it has hit April lows so far.

The final lower leg is a reminder that bitcoin has been a good leading indicator of intraday market sentiment. The S&P 500 is also touching new intraday lows, but support is thinning.

I fear for this painting during the weekend.


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