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Bitcoin steps back from move to above 97k
Updates here yesterday on Bitcoin noted the prospect of it extending, if it could rebound back above 95k. Well, later in the session yesterday that is what happened. BTC rose above 95k on the 4pm London FX fix and extended the move onto the wider US close. It reached a high then at 97,361. However, it has backed-off today and earlier dipped back underneath that 95k level. The relapse comes as US treasury yields edge higher, off the lows seen yesterday and that has helped to steady the dollar and lift it from the lows seen yesterday afternoon. The range seen so far today for BTC has been covered by 94,915 to 96,655. Perhaps all the while it generally holds 95k today it might have another push on the topside, but in truth given where we are in the calendar this by no means a certain outcome. Bitcoin is currently trading at 95,540
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