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ISM and slightly lower US yields help BTC remain above technical support for the time being
Ahead of the US ISM report, Bitcoin was tailing off some more and heading closer to the noted support, at 62,408. The lead coin dropped back to around 62,480. However, the weaker than forecast US ISM report has helped to push US yields back from their earlier highs and that has undermined the dollar slightly and helped to lift BTC back above 62,750 a moment ago. However, it is not certain here if that reaction will last. We shall have to see about that, but for the time being at 62,408 level has remained intact. BTC is currently trading at 62,580
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