Stocks gains help BTC back above 59k

Over the course of the morning Bitcoin has been on the rebound and that rebound has been helped by further gains across the European and US stock market futures. So, as is often the case, that risk positive bias has helped BTC to push higher, back above 59k. The high seen right now has literally just been set at 59,242. Naturally, should the equity dynamic turn backwards again, then we should expect BTC to react accordingly, in the opposite direction. The move higher is not yet of any material consequence in terms of immediate technical levels and as such it is clearly not broken any fresh ground so far. It is currently trading at 59,170