Bitcoin holds above 18k again in early morning trading

Yesterday Bitcoin was under a degree of pressure as it fell back from levels close to 19,000. It had not been able to make further progress beyond that level in weekend trading. The high seen yesterday was set at 18,777. The price has fallen back to as 18,067 a short while ago. It is now trying to rebound from that low as it lifts back above 18,300. The low reached earlier did almost replicate the low reached at the start of the Asian session yesterday. Hence there is clearly still demand to buy the coin at, or just ahead of that level. The move lower in Bitcoin so far this week is further evidence of rotation into the lesser coins. That has delivered some explosive moves in the likes of Ripple and Ether since the weekend, when Ripple in particular really took off. Quick news will look at those coins separately in a minute. Meantime Bitcoin is now trading at 18,370