Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism

It's a bear market that's bouncing scarlet. We have to put it in context. It's August.It's a perfect time of year to flush out the shorts in a bear market, get everybody excited, and then go back down. So it's finally bounced above its 200 day moving average, which is rolled over. But the key way I look at Bitcoin is it's at a horrible performing asset with a high correlation in the stock market, and it has a major risk of going down.More good examples on the year. It's down about 20%. Stock market's up abo ...