Bitcoin (BTC) is enjoying firm support at levels under $10k, preventing a crash to lower valuations. The volatility seen in June continues, as the price managed to recover quickly after the recent 30% correction.
In the past day, BTC climbed from the $9,873 level, quickly regaining the five-digit price, then moving faster to trade at $11,458.73 as of 8:35 UTC on Wednesday. Volumes increased significantly, once again surpassing $32 billion’s equivalent in 24 hours. Of that volume, 58% happened in the pairing with Tether (USDT).
The rally above the $6,000 range was triggered by activity on fiat-to-crypto exchanges, including Kraken, Coinbase, Bitstamp, and partially Bitfinex. Now, the trad...