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Bitcoin rebounds after falling below 43k
Earlier this morning an update here noted the lack of momentum in Bitcoin and that was leading the cryptocurrency lower. Well, following that update, BTC did fall and it was quite a rapid move too, as dropped by more than $1000 from its earlier highs. BTC fell to a session low at 42,858. It has rebounded since then and it is currently back above 43,300 and seemingly looking to press a little higher too. The earlier fall did not come close to the noted support at 42,238. That remains a key short term support level though, if the current rebound blows out once more. Bitcoin is currently trading at 43,325
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