Bitcoin (BTC) Price Tests the Waters Above $9,400

(BTC) has stabilized above $9,000, and started an expansion with new forays above $9,400. BTC traded at about $9,414 as of 8:20 UTC, later sinking to $9,404. Prices remain less volatile, adding about 1% in the past day.

This time, price movements are happening on more active trading volumes, above $26 billion in 24 hours. At this trading pace, BTC is supported by more than 75% through the pairing with Tether (USDT). The share of the US dollar has fallen to about 7%, down from above 10% in recent weeks.

The recent BTC rally arrived after growing USDT activity and transfers, with coins reaching Bitfinex, but also Binance and Huobi.

This article appeared first on Cryptovest

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