Bitcoin tacks on 2%, although demand is still an issue

Bitcoin tacks on 2%, although demand is still an issue

On Thursday, Bitcoin managed to rally, soaring by up to 2% and rebounding from the 3.5% Wednesday’s minimum.

During the morning trade the currency pair BTC/USD surged to $3,852.62, heading north by 2% on the Kraken cryptocurrency exchange. The number one digital coin managed to get to an intraday maximum of $3,915.51 that appears to be its highest value for the week.

As some experts pointed out, Bitcoin hasn’t managed to hold on to the previous week’s rebound above the psychologically important mark $4,000 and rebounded under this major level. If dip purchasers were awaiting to pounce on the given discounts, then they’d have done so by now.  

The recent rebound that hasn’t managed to to stick happens to be an indication that demand is still a serious issue for the leading digital coin and nobody is coming to the rescue anytime in the nearer future.

Now let’s a closer look at altcoins as well as futures.

The vast majority of altcoins, which are crypto assets other than Bitcoin, managed to outperform Bitcoin on Thursday. As a matter of fact, the currency pair ETH/USD tacked on by up to 3.2% ending up with $135.08. As for LTC/USD, this currency pair ascended by about 3.7% concluding the trading session at $45.62. furthermore, the currency pair BCH/USD headed north by about 0.7% showing $129.30. XRP/USD rallied by approximately 2.4% being worth 31 cents.

Bitcoin futures are about to have a three-day dive snapped. March delivery Cboe Global Markets futures XBTJ9 rallied by 1.7% being worth $3,790, while March delivery CME Group futures BTCH9 managed to tack on by up to 2.2% trading at $3,790.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera