Bitcoin does it again

Yesterday Bitcoin was under a degree of pressure as it fell back towards 56,500 after failing to hold a brief weekend visit back above 60k. That downside was snapped later in the session though, as the price spiked back above 59k ahead of the 4pm London FX fix. However, and once again the lead cryptocurrency was the victim of all that surrounded it. That is to say the combination of souring risk sentiment, a higher dollar and higher US yields sent it crumbling once more. The price fell back from that session high at 59,425, to as low as 55,665 ahead of the wider US market close. It has managed to rebound some today, but the move to as high as 57,260 earlier in the Asian session does not look too convincing. Besides it has dropped back a little now as the European markets get underway today. The range seen so far has been covered by 56,025 to 57,260. It is currently trading at 56,350