Crypto rebound pauses for breath as dollar edges higher

Granted this is a loose correlation at the best of times, but perhaps it is no coincidence that the earlier rise in both Bitcoin and Ether is just now running out of steam at exactly the same time as the dollar starts to win back some of the ground it gave back earlier on. Even if there is now immediate correlation, the earlier rebound in Bitcoin and Ether is now reversing. Ether is slipping back towards $1800 as Bitcoin dips back below 54k. Earlier this morning, Bitcoin tried several times to get back above 54,500, but it simply could not manage it and the eventual slowing of momentum has seen it now fall back. Of course this current run is not yet conclusive to a deeper retracement, but all the while it cannot recapture levels above 54, 500 then it might become so. Bitcoin is currently trading at 53,750