Bitcoin tries the upside again

Bitcoin has rebounded again today. Yesterday morning the leading cryptocurrency fell back to as low as 59,920. However, it did now break below the low set on Sunday, at around 59,000. The subsequent rebound has taken it back above 62k and close to 63k earlier today. It is clearly still attempting to set fresh records, but so far it has balked at the second time of asking. The high seen so far in Asian trading was set at 62,961, but it is not that far removed from there now. The price is drifting back a little now, but overall it is garnering traction from a lower dollar, improved risk appetite and yes, lower bond yields. Bitcoin has traded in a range, so far covered today by 61,113 to 62,961. It is currently trading at 62,350