Bitcoin hovering back around 48k

As intimated here yesterday, Bitcoin did slip back at the hands of the stronger dollar and that led it to drop back close to the 47k handle in late afternoon European trading. The move lower was clearly linked to the higher dollar and higher bond yields, but it was not exactly a significant reaction at the same time. The price has rebounded a little today as it earlier traded back above 48k, but it still seems rather pivotal at the same time. The move higher comes also at the expense of Ether as the relative price between the two swings back in favour of the lead coin. Once again 50k clearly remains the next hurdle of note still and since this time yesterday there is yet to be a meaningful attempt at regaining that level. Bitcoin is just now trading at exactly 48,000