Bitcoin rebounds in Asian trade

Yesterday Bitcoin was caught up in a number of outside drivers that delivered no meaningful gains. The price did try to establish itself back above 42,500, but in the event that modest rise blew out and the price dropped back below 41k just ahead of the wider US market close. However, it is a different story today, because the lead cryptocurrency has staged a quite impressive rebound in overnight trading. The move back above 43k has been steep and quite dynamic and comes amid some mixed reports overnight. However, it seems to have latched onto some bullish reports from leading figures within the industry still touting its merits. The high seen so far today has been set at 43,826. It is currently not too far off that level, now trading at 43,560