Bitcoin gets another lift from US stock gains

Just in case you thought there was no symbiosis between BTC and the US stock markets, the evidence to the contrary is simply overwhelming, judged by the relative moves seen over the past 10 trading days. Hence, it should come as no surprise to see that Bitcoin is higher again today after the gains seen on Wall Street last night. The Nasdaq 100 stands out in that regard of course. So, BTC reclaimed the 60 and 61k handles into the wider US market close last night. The high seen was set at 61,584. It has not managed to get past that high in Asian trading today, but it has remained elevated above 60k. The high seen yesterday stalled just ahead of the 50 day moving average (right now at 61,680) and also well shy of the 200 day moving average (in place right now at 62,272). Those are the next upside tests for BTC, should this rebound continue to extend. The range seen so far today has been covered by 60,420 to 61,323. It is just now at 60,890