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Bitcoin slides towards 40k in Asian trading

Late on Friday evening Bitcoin extended its rebound from an earlier session low that day, close to 43k, to rise to its highest level of the year to date, when it lifted just above 44,700. However, it immediately backed off very early on Saturday morning and did what it does so often these days, and trade mostly sideways for the rest of the weekend inside a pretty confined range. However, that has not bee the case in Asia today because BTC and many other leading coins took a dive earlier this morning. Maybe it was the lack of momentum over the weekend that caused the falls, or perhaps it was a rebound in the dollar and gains in treasury yields. Whatever caused the bailout it is was sharp with a fall of more than 7% earlier in BTC, as it slumped to a low at 40,521. It has rebounded again right now, trading back above 42k again, around 42,175
 

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