Bitcoin breaks back above $9,000 as volume falls

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Prices of digital currencies rallied Wednesday, with the No.1 cryptocurrency by market cap, bitcoin, trading through $9,000 a coin to an intraday high of $9,367.95 — an 11-day high.

After falling earlier this month, bitcoin BTCUSD, +2.15%  prices have steadily clawed back losses despite some negative press around its future, and potential regulatory headwinds.

On Tuesday, Peter Boockvar of Bleakley Financial Group was the latest investor to take a shot at bitcoin, saying it’s part of an “everything bubble” that is forming. Boockvar was speaking on CNBC’s “Futures Now.”

Elsewhere, ether, which runs on the Ethereum network, was up 7.4% at $915.33; bitcoin cash last traded at $1,354.65, up 8.5%; Litecoin was the biggest mover, climbing 30% to $208.45; and Ripple was up 6.8% at $1.10, according to CoinDesk.

Data from blockchain.info suggests investors may have missed the recent rally, with the number of transactions at the lowest level since July 2017.

On the futures front, February contracts on the Cboe Global Markets XBTG8, +7.43% are up 7.4% at $9,330, and comparable CME Group Inc. futures BTCG8, +1.61% are up 7.1% at $9,315.

Read more at:

https://www.marketwatch.com/story/bitcoin-breaks-back-above-9000-as-volume-falls-2018-02-14

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