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Bitcoin reappraises its bull run as it drops back towards 49k
The rise above 50k in BTC seen yesterday and to a new 3 year high earlier today has stumbled for the time being. Understandably the higher US yields, surging dollar and lower stock market futures have undermined the lead coin since it rose to a high earlier today at 50,378. It is now falling back close to 49k, as those wider markets clearly have a negative impact upon it. There can be no denying that at this precise moment. So, it remains to be seen, if BTC can brush off that wider market influence and regain momentum. The obvious risk in the short term, is that it cannot. Bitcoin is currently trading at 49,280 (49,055 the low so far)
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US stocks slide further into the red- S+P 500 falls below 5,450
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