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Bitcoin holds 40k and lifts in Asian trading

Last night Bitcoin fell back further after an update here earlier noted it might have more downside below 41,500. Well, it did drop back further after the European close and that fall delivered a new low on the day, at 40,192, surpassing the prior low seen much earlier in the day, at 40,521. Perhaps, the fact that it held the 40k level is what has helped it to rebound so far today, but the more likely reason is due to the fall in US yields. That has delivered a rise to 41,951 so far. It has backed off from that high now, to a low at 41,375 most recently. The earlier Asian session low was set at 41,122. Bitcoin is currently trading at 41,525
 

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