Bitcoin price (BTC/USD) hits one-week high above $10,900 on Tuesday morning
The recent resurgence has allowed Bitcoin to recover from last week’s sell-off that led to its price dropping below the $10,000 level. Friday’s announcement that the Bakkt exchange will be launching its physically-settled Bitcoin futures contracts on September 23, appears to have contributed significantly to the rebound. In a technical analysis piece published on Monday, industry website Coindesk noted that the digital coin’s price had increased some $1,000 since the announcement. However, the online publication warned that bulls were not yet in charge.
“All-in-all, the case for a fall back to $9,000 remains intact. The outlook would turn bullish only if prices print a weekly close (Sunday, UTC) above $12,000,” Coindesk said.
In today’s trading, the Bitcoin price stood at $10,809.52, as of 06:49 BST. The digital coin has gained 3.8% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $193.3 billion, which represents 69.1% of the combined value of all digital currencies.
Featured image: Inked Pixels / Shutterstock.com
More Resources
The post Bitcoin price (BTC/USD) hits one-week high above $10,900 on Tuesday morning appeared first on The Independent Republic.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!
Article comments