Bitcoin backs away from 37k in early trading

Yesterday, Bitcoin hitched a ride on the back of further gains for Ether. There can be little doubt here that it was Ether that was leading the way. Notwithstanding that fact, Bitcoin still continued to rise, reaching 36k by the time of the wider US market close. Earlier today it made further progress, clearly buoyed by the records being set by its number two, Ether. Bitcoin lifted to as high as 36,877 earlier this morning, but a slightly negative short term configuration on the daily chart has caused it to stall and slip back slightly now. Naturally, that is being led once again by Ether edging a little lower now too. Bitcoin is slipping back closer to 36k again right now. Clearly, it looks likely to continue to take its lead from Ether again this morning, unless anything material changes. Bitcoin is currently trading at 36,185