Bitcoin edging back above 89k as hope lives on

Since the last update here on Bitcoin, the lead cryptocurrency has made some modest progress. It has just recaptured the 89k handle and the reason for this seems to rest with buyers tentatively dipping a toe back in the water, looking for the prospect that the US crypto summit later today might offer some better news for BTC. Well, certainly better than the news that sent it tumbling lower late yesterday evening. Of course the caveat to all that is not just about BTC, as it also concerns other leading coins and whether or not the US will add any of those to its new appointed reserve fund. The risk is that this will not happen and BTC will get hit again. To be honest it looks balanced at the moment, but the prospect of it suffering another sizeable relapse is very much on the radar too. BTC is right now trading at 89,145