Bitcoin extends drop to below 45k today

The further drop in equity markets and more general deterioration in risk sentiment this morning is adding further pressure on all risk based assets. As noted here earlier; this dynamic has also impacted the crypto sphere. Hence, Ether is falling back closer to $3000 again and BTC has now fallen below 45k. Many other leading coins have gone the same way too and the overall vista is not positive at the moment. The drop below 45k in Bitcoin is not necessarily of much technical consequence, but a further fall below 43k from here might become so. A potential breakdown there could open a path back towards 40k again. From all that has been observed so far today, the move lower in the leading coins is following, and not leading the wider markets. So, it is likely that close monitoring of those wider markets is going to be required as the session further unfolds. Bitcoin is currently rebounding back towards 45k after dropping close to 44,500 a little earlier on