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Bitcoin backs off a little in Asian trading

Late yesterday afternoon an update here noted the rise above 50k for the first time since 2021. Following that update, BTC lifted a little more, reaching a high at 50,327. That was then followed by a dip back to 49,530. Earlier today it rose once more and reached a new high at 50,378. However, it has dropped back again, to a low so far at 49,761. It is back around that 50k level just now as the European markets reopen and it remains to be seen if there is further demand again today, which is enough to send it to fresh highs. The outlook on that has not changed and neither have the reasons for why it is up here in the first place. Bitcoin is currently trading at 50,010 
 

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