Bitcoin back above 39k this morning
The news from the Fed last night and impact that had across the wider markets did seem to leave the likes of Bitcoin rather on the side lines. Yes, it did fall back further and towards 38k, but in truth that fall was rather muted and it was clear that the action was elsewhere for a change and that is because the big hitters in the crypto sphere were surely otherwise engaged in the wider markets. You can draw your own conclusions from that, but when it comes to synthetic trading of Bitcoin, the big players are the usual suspects. So, if you did not already know that then you do now. So, anyway the low last night for BTC was set around 38,130 and now it is around $1000 above that level as it rises back above 39k this morning. The prospect of another look at 40k is of course live, but it would be wrong to dismiss the prospect of further dollar strength not getting in the way of that potential too. Bitcoin is currently trading at 39,110
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