With no clear news driver, Bitcoin prices have dropped over 20% from their overnight highs – trading at around $715 now. Perhaps most notable is the relationship between Bitcoin and the precious metals today with the early Bitcoin weakness corresponding almost perfectly to gold and silver strength (and again mid-morning in the US).
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/8cXyDVx7OpQ/story01.htm Tyler Durden