Bitcoin falls below 50k

The anticipated drop back below 50k has now unfolded today and the move also dropped below 49k a few moments ago. Also and as intimated here earlier, that move has sent the price of Ether down to test the $3500 level. For the being that price point has remained intact but that is by no means guaranteed. The combination of higher US yields, lower US stock markets and a stronger dollar has helped to undermine the leading cryptocurrencies today. The low print on Bitcoin has been set at around 48,500 but judging by the current price action the downside may not be done with yet