Bitcoin backs off again

Yesterday, as noted a little earlier, it was Ether that led the way higher for the major cryptocurrencies. However, that is not to decry a quite decent move higher for Bitcoin too. The lead coin rose above 62k and then accelerated higher again in early European trading, as it then took out 63k. That move was later extended to above 64k right on the 4pm London FX fix. The price peaked then at 64,292. However, it has not managed to build on that gain in Asian trading today. The price has drifted lower and has fallen to as low as $62,668 so far as the European markets resume trade. The range seen so far today has been covered by 62,668 to 63,550 and it is currently trading at 62,900