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Bitcoin (BTC) passed above the $eleven,000 mark this morning, however is having a tough time keeping on to the gains amid low trading volumes.

As of writing, CoinDesk's Bitcoin rate Index (BPI) had dropped barely to $10,890 - up round 19 percentage from the weekly low of $nine,304.sixty eight, and 5 percent during the last 24 hours.

a glance the person markets on records website CoinMarketCap shows buying and selling quantity is highest in BTC/USDT (bitcoin-tether) pair listed on the cryptocurrency trade OKEx. similarly, three out of the top 10 exchanges by using extent provide BTC/USDT. So, it appears investors are the usage of tethers to exchange bitcoin - perhaps due to the USD-pegged token's low volatility.

meanwhile, 24-hour buying and selling volume stands at $eight.four billion - the best because Feb. 21. but, that wide variety would not look specifically incredible whilst in comparison to the average daily trading extent of $13.four billion visible in January and $thirteen.2 billion seen around the fee peak in December. in addition, the 24-hour quantity is largely unchanged from the February average every day extent of $8.25 billion