a classic bear signal. CoinMarketCap data shows that the total market capitalization for the cryptocurrency market rose to roughly 201 billion during the market uptick, up roughly 4 percent and 8 billion from Wednesday's low. As of press time, the world's largest cryptocurrency by market capitalization was trading at 6,422, up 5 percent from the day's low of 6,117. Bitcoin, Bitcoin, Currency, Prices, the CoinDesk Bitcoin Price Index (BPI) represents an average of bitcoin prices across leading global exchanges that meet criteria specified by the BPI. Cardano (ADA) is leading the pack, currently printing a six percent appreciation compared to Tuesday's figures. The market did not waste time making its bullish move, scaling over 6 percent in less than 20 minutes to ultimately hit a high of 6,494, according to CoinDesk's Bitcoin Price Index (. Of late, the S P 500 index has been leading the BTC market by 12 hours or more.
View all 122 Related Articles, related APIs (724). View all 6 Mashups using the Same API. The triangle breakdown witnessed yesterday may have emboldened the bears. If the S P 500 finds acceptance below the 200-day MA, risk forex factory usd jpy aversion will likely worsen and may push BTC below the all-important psychological 6,000 mark. Evidently, that turned out not to be the case since it is clear demand still exists above the 6,000 mark. Bitcoin futures expirations have been documented as having a turbulent effect on the price of the underlying cryptocurrency, so an increase in market volatility perhaps could have been foreseen. Specs, related APIs, mt Gox, BitStamp http, BTC-e, Bitfinex, categories, bitcoin, Bitcoin, Currency, Prices. At press time, BTC is changing hands at 6,380 on Coinbase, representing.19 percent drop on a 24-hour basis. A move above 6,435 would invalidate the bearish setup. Bitcoin (BTC) has dropped out of the tight trading range seen recently, paralleling losses in the.S. URL m/price company CoinDesk Ltd, mashup/App Type Web, followers (10).