Bitcoin gives some back in fall to $101,000

$100,000 is a major signpost for bitcoin and we’re seeing some profit taking now as hodlers look for ETF buying as exit liquidity.

The broader risk mood is also stumbling slightly, though it’s hardly a notable move. I’m keeping a close eye on rising Treasury yields, particularly at the front end. That could drag sentiment lower.

As for bitcoin, $100,000 is now support and I imagine there will be large bids there and just below.

This article was written by Adam Button at www.forexlive.com.