Bitcoin Remains Steady Amid Weaker Volume
Bitcoin remains steady, with its 24-hour price in the $8,600-$8,800 range.
Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.
Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
Bitcoin’s return above the $9,000 mark may have been driven by some of the same forces causing a rally in bonds – a desire for respite from a coronavirus-plagued markets.
The price of bitcoin broke above $9,000 on a bullish run at 9:00 UTC (4:00 a.m. EST).