© Reuters. 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
View original post