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Bitcoin falls to fresh session lows as US yields rise

Earlier today Bitcoin fell close to 61,400 and then subsequently edged back above 62k. However, it was already tracking lower heading into the US PPI report. The impact of that higher than expected data has sent US yields higher and delivered a corresponding move lower in the Gold and Bitcoin. In fact BTC fell to a new session low on the back of that data, to around 61,300. It is trying to rebound a little now though and once again it seems the wider markets are very much a key component in the price action on this one, as much as some pundits would try to say that it is not. Bitcoin is currently trading at 61,625

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