Bitcoin steady below 11,500

Yesterday as the US equity markets fell and the dollar rebounded Bitcoin fell back towards 11,300. The lead cryptocurrency actually did quite well not to fall further, and test the important 11,100 level given the move below 1.1750 in the EUR/USD. Hence there is a fair degree of detachment in place there so far this week. The rebound in US equity futures overnight and so far this morning has helped the price to make a move back towards 11,500 again, but so far that level has capped the topside. As per yesterday, Bitcoins life is not its own it seems, and so it will most likely continue to take a lead from the other markets and perhaps some of the more dynamically move leading coins too. It is clear that in percentage terms in recent weeks, the best action has been elsewhere when one looks at the moves that have unfolded in the likes of Ether and XMRUSD. Meantime, Bitcoin remains steady so far this morning, currently trading at 11,425