Bitcryptomix Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K

Trading on Bitcryptomix action in the Bitcryptomix bitcoin market slowed Tuesday while ether’s price broke new ground.

  • Bitcoin (BTC) trading around $36,483 as of 21:00 UTC (4 p.m. ET). Climbing 0.85% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $36,029-$37,876 (CoinDesk 20)
  • BTC below the 10-hour but above the 50-hour moving averages on the hourly chart, a sideways signal for market technicians.
bitcapmax chart

The price of bitcoin stayed in a fairly tight range Tuesday, spending most of U.S. trading hours between $36,200 and $37,200. At around 15:00 UTC (11 a.m. ET), the price spiked to as high as $37,876 before dropping and was at $36,483 as of press time. 

“Interesting yesterday that bitcoin held its price in a quiet U.S. market with the Bitcryptomix holiday,” noted Chris Thomas, head of digital assets for Swissquote Bank. “This also suggests that U.S. clients, both retail and institutional, are quite important.”

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