Bitcoin balks at comments from Fed Official

The comments this afternoon from a senior Fed official, conceding that the US inflationary pressures are building has now spooked the markets a little more. The US equity indexes have now turned lower again, led lower the Dow Jones. John Williams has said that the US has seen a pick up in underlying inflation. That has been the driver behind the fall back in the equity space, but it has also dented Bitcoin by the looks of it too. The lead cryptocurrency has fallen to set a fresh session low a few moments ago, at 58,564, but it may not be finished with the downside yet either. It is a little above that low right now but the risks of further downside might remain. It is currently trading at 58,600