Bitcoin holds onto 30k in weekend trading

Perhaps it was not much of a surprise to see Bitcoin fall further at the start of the weekend. The lead cryptocurrency was already coming under increasing pressure on Friday as the weekend approached. The most recent price action has seen it fall back more often than not in recent weekend sessions, and that duly played out yesterday, as Bitcoin fell very close to the 30k level once again. However, it ran into some decent buying interest just ahead of that level yesterday and that led to a move, to back above 33k earlier today. The high reached earlier this afternoon was set at 33,565. However, it has dropped back towards 32,500 in recent trade after news emerged earlier today; that the leading crypto exchange, Binance has been banned in the UK by the FCA (Financial Conduct Authority). The Ban is to cover all regulated activity without prior written consent from the FCA. Cryptocurrencies are not regulated, but derivatives based on their prices are. Hence, this news has not had much of an impact, but it has stalled the rally in Bitcoin for the time being. Bitcoin is just now trading at 32,725 ahead of the wider Asian market reopening