Bitcoin (BTC) Price Tests the Waters Above $9,400

5dc28d6f243e9100062bd266 700xauto

Bitcoin (BTC) has stabilized above $9,000, and started an expansion with new forays above $9,400. BTC traded at about $9,414 as of 8:20 UTC, later sinking to $9,404. Prices remain less volatile, adding about 1% in the past day.This time, price movements are happening on more active trading volumes, above $26 billion in 24 hours. At this trading pace, BTC is supported by more than 75% through the pairing with Tether (USDT). The share of the US dollar has fallen to about 7%, down from above 10% in recent weeks.The recent BTC rally arrived after growing USDT activity and transfers, with coins reaching Bitfinex, but also Binance and Huobi. increased optimism saw the Bitcoin fear and greed index stabilize, at around 54 points, still not going into greed territory. But as the year end approaches, BTC may go through more dramatic moves, with $16,000 seen as a possible peak.Before the…

Read the original article here