Yesterday Bitcoin was again eventually led higher by more rapid rebounds in both Ether and Monero. The lead cryptocurrency had been under pressure during the European morning as it dropped from just above 57k, to as low as 53,340. However, the charge higher in those other coins reversed that move and helped to send the price back above 56k ahead of the wider US market close. Despite that rebound the price had fallen back earlier today again, dropping closer to the low seen on April 18, when the price evaporated to as low as 51,707. The low set earlier today was at 52,659, but once again it is Ether that has served to help it recover again. There will be more to add on that and XMRUSD in later updates. Meanwhile, Bitcoin is higher right now, but it has to be said this rebound is by no means conclusive, and the risk of a further downside correction is still very live all the while that levels above 58k fail to be recaptured. Bitcoin is currently trading at 54,305