Bitcoin lifts past 38k

The rebound for Bitcoin is continuing further this afternoon. The lead cryptocurrency has just now surpassed the 38k mark. That is now more than $7000 above the low point reached last weekend. The next hurdle of note on the topside is now at 40k. The rebound today has actually been pretty impressive when all things are considered. The market has choosing to ignore a further stream of negative headlines emerging from China. Of course just because China might want to outlaw the coin that does not mean it will determine the ultimate price destination. At the same time there are surely many operators who are nervous of further negative headlines, especially if they emerge from a different country or authority. Meantime, Bitcoin is just now trading at 38,320