Another risk based set back for Bitcoin this morning

Bitcoin tried to rebound last night. The lead cryptocurrency finally managed to briefly climb back above its 200 day moving average and that rebound briefly led it to just above 46k. However, it was not able to sustain that rebound into the wider US market close and was clearly impacted by the drop back in the wider risk markets and late session slump in the US equity markets. That saw it drop back from a high at 46,025, to back below 45k again. That move has been extended upon so far today as it fell back further, to as low as 43,984 so far. It has rebounded from that low right now, but unless back above the 200 day moving average on a sustained basis, then the downside may not be finished with yet. That 200 day moving average is in place right now at 45,581. Bitcoin is just now trading at 44,275