Bitcoin drops back below 40k this morning

Well, it has certainly been a rollercoaster week for Bitcoin since the last update here on its progress. That update noted that Bitcoin has pushed above 44k after Elon Musk has continued to deny selling any Tesla holdings. Well, by Wednesday the slump to as low as 30,016 did not seem to have listened to that rhetoric after the Chinese were said to ban the use of cryptocurrencies for payments by banks in that country. A whole stream of related headlines followed that news and impacted many other leading coins in the same way too. There will be more to add on those ahead of the weekend. Meantime, since falling to that low point on Wednesday, Bitcoin has rebounded back to as high as 42,460 yesterday afternoon. The subsequent drop back, close to 38k last night then saw another rebound to as high as 42,269 earlier today. A short while ago it dipped back to 39,620. It has just moved back above 40k again just now, but there are two burning and important questions that remain unanswered. Those have really led to the demise of Bitcoin this week. The news from China and the realisation of the huge amount of power needed to keep this thing going. Bitcoin might have rebounded from its worst levels, but those burning issues have not gone away, not at all. Bitcoin is currently trading at 39,740