Bitcoin resisting general market drop

The October drop in general markets was slow to come, but it is definitely here with two straight weeks of downwards action.

I’ve been curious to observe what the bitcoin price will do when the drop came, and so far, it has not followed the general trend. Instead, it has diverged and is continuing its upward momentum.

Let’s see how it plays out over the next month as the last two weeks is still too little time to make general conclusions.

For comparisons, here is the S&P Index

And here is Bitcoin/USD

You can see how BTC/USD more or less followed the general market trend but now has diverged.