RATE Group | Bitcoin Stays Above $9,000 in US Trading
81889
post-template-default,single,single-post,postid-81889,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Stays Above $9,000 in US Trading

06 Mar Bitcoin Stays Above $9,000 in US Trading

Posted at 01:40h in Bitcoin News by

[ad_1]

The price of bitcoin (BTC) broke above $9,000 on a bullish run at 9:00 UTC (4:00 a.m. EST). The world’s leading cryptocurrency by market capitalization is up 4 percent in the past 24 hours, with a high reaching $9,150 on exchanges including Coinbase.

The last time bitcoin traded above $9,000 was on Feb. 26.

An uptrend started taking shape at 0:00 UTC Thursday as prices broke out of a steady $8,600 to $8,800 range. Bitcoin quickly surpassed its 50-day moving average at that time on higher buying volume than the same period yesterday.

“The reckless ban on Indian banks working with cryptocurrency companies a few years ago was a big setback for Indian startups short term and the Indian economy long term,” Coinbase CEO Brian Armstrong wrote in a recent tweet. 

Bitcoin hasn’t been in the $9,000 price range since Feb. 26. Year to date, bitcoin is up 26 percent, outperforming the S&P 500’s 5 percent decline since Jan. 1. 

Many other cryptocurrencies are up today, particularly…

[ad_2]

Source link

Tags:
, , ,