Bitcoin reclaims 50k as risk appetite returns

The higher stock markets on Friday in the US and today in Asia helped Bitcoin rebound in weekend trading. The leading cryptocurrency did make it back above 49k, but it could not quite recover levels above 50k. However, the further gains in US futures and the Asian markets, coupled with a lower dollar and further improved risk appetite have allowed that move to unfold today as BTC rises above 50k in Asian trading. A short while ago Bitcoin lifted just above 50,350 and it is now far off that level right now. Given the further recovery today, he correlation between risk on and the lead cryptocurrency can not really be disputed. That is not to say that is necessarily that close, but clear for all to see so far today. Bitcoin is just now trading very near session highs, at 50,325