Bitcoin price made a firm upward move to push beyond $4,000 and chalk in a high above $4,100 at press time.
Bitcoin-USD trading firmly rose above the $4,000 mark on Wednesday after flirting with the level over the last few days. Trading data from Bitfinex reveals bitcoin trading to the dollar near $3,900 at the start of the day. Price climbed to $3,960 at 06:00 AM UTC as trading stuck to that figure before a noteworthy spike pushed prices further. At 10:00 UTC, the price of Bitcoin jumped from $3,962 to $4,080, gaining 3% in a 30-minute trading period.
Now back above the $4,000 mark, the momentum stuck as trading climbed further for price to register a new 7-day high of $4,112 on Bitstamp.
At the time of publishing, bitcoin price is seemingly intent on finding a new support level as it continues to trade near $4,100.
The marked uptick in trading activity comes despite news of BTCC, one of China’s ‘big three’ exchanges, confirming its shuttering of trading operations and yuan deposits following regulatory scrutiny by Chinese authorities.
Developing…Stay tuned for today’s bitcoin price report.
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Last modified: May 21, 2020 9:13 AM UTC