Bitcoin down 1%

Bitcoin down 1%

The drums of war aren't helping cryptocurrencies.

Bitcoin is down about 1% today. It's near the lows of the day at $10,131 after touching as high as $10,374.

In the bigger picture, it's been consolidating around these levels for the past month. The full range of the past month is 17% which is high for most assets but low for crypto.

Support at $9000 remains key in the bigger picture but last week's low of $9867 is key in the shorter term.