Bitcoin backs down from weekend rebound

Bitcoin managed to rebound back above 37k on Friday. That gain was then extended on Saturday as the lead cryptocurrency rose to reclaim the 38k handle. The reached late on Saturday evening was set at 38,729. It did drift lower yesterday and that drift has accelerated a short while ago. Bitcoin fell back to as low as 36,676. The move lower was helped by a drop back below $2,500 in Ether, but more on that one in another update. The range seen so far today on Bitcoin has been covered by 36,676 to 38,249. It is currently trading at 36,950 and beyond any immediate price action, the longer term trend remains negative this side of 40k