Bitcoin catches a bid in rise above $56,000 ...Middle East

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Bitcoin catches a bid in rise above $56,000
Bitcoin is at the highs of the day, up more than 3% and above $56,000.The highs yesterday early and today peaked at $56,285 and we briefly edged above that. It's an impressive rebound after falling below $50,000 several times yesterday but it's still a long ways from the $70,000 level at the end of July.The good news here is that bitcoin was the first to break down in the latest rout so if it can climb above $56,300 then it would be a good sign for a broader risk bounce. This article was written by Adam Button at www.forexlive.com.

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