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Bitcoin unable to make progress so far today
As the US dollar edged lower into the wider European close yesterday, that afforded the opportunity for Bitcoin to make some progress. So the lead cryptocurrency lifted from an earlier Asian low at 42,288, to back above 43k. It rose to a session high at 43,359 just as the European stock markets drew to a close. However, it has not managed to push on from that rebound high since before and after the wider US market close last night. It has been edging back down again so far today, falling to a low at 42,767 a short while ago. It has also just now dipped back underneath its 50 day moving average (in place right now at 42,961). Bitcoin is currently trading at 42,880
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