Bitcoin’s support level above $27,000 crumbles
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City AM
City AM
By Darren Parkin Bitcoin is trading below $27k, dipping as low as $26,500 before gaining some ground earlier this morning to trade at $26,730. The market leader is down by 1.6% over 24 hours. Ethereum (Ether) is below $1.6k and down by 1.6% over the same timeframe. Most crypto markets are in the red today, with a few exceptions, including Cosmos (ATOM), which has gained 2% over 24 hours. The divergence between US stocks and cryptocurrency continues as the SP500 and Nasdaq is up again, while US bond yields ease off. Yesterday’s Crypto AM DailyIn the MarketsThe Bitcoin Economy*Data can be found …