RATE Group | Bitcoin’s Price Hovers Above $9,300, While Stellar Shows 20% Gains
67673
post-template-default,single,single-post,postid-67673,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’s Price Hovers Above $9,300, While Stellar Shows 20% Gains

05 Nov Bitcoin’s Price Hovers Above $9,300, While Stellar Shows 20% Gains

Posted at 22:49h in Bitcoin News by

[ad_1]

Tuesday Nov. 5 — Crypto prices continue to show upward momentum across markets, while Bitcoin (BTC) hovers around the $9,300 price mark and Stellar (XLM) takes a shot at the moon with gains of more than 20%.

Cryptocurrency market daily overview. Source: Coin360

Bitcoin was trading close to the $9,400 price mark for a large part of the day but is showing signs of downward price behavior in recent hours. The world’s largest cryptocurrency traded at an intraday high of around $9,465, before losing ground towards its current trading price of around $9,311. BTC is reporting a moderate loss of 0.56% in the past 24 hours.

BTC daily price chart. Source: Coin360

According to Bitcoin statistician and commentator Willy Woo, bullish action should begin to surface after Bitcoin’s dip to $8,600, due to filling in a gap in futures markets. Thereafter, he said, Bitcoin needs a monthly close above $14,000 in order to then secure a longer-term bull market. He explained:

“Once we get a monthly…

[ad_2]

Source link

Tags:
, , , , , , ,