- Bitcoin (BTC) peaks at $ 9, . , its highest in almost three months.
- At its highest point Wednesday, the largest cryptocurrency was up % year-to-date .
- Bitcoin is behaving a lot like a “safe haven” asset, according to Fundstrat’s Tom Lee.
Bitcoin’s price rallied to nearly three-month highs on Wednesday, as the largest cryptocurrency continued to demonstrate risk-off appeal amid the coronavirus outbreak .
BTC / USD Rallies; Altcoins Follow
Bitcoin peaked at $ 9, . on Bitstamp, its highest since early November. The flagship cryptocurrency was last seen trading at $ 9, , having gained more than 3%.
The technical charts showcase an asset that’s in a clear uptrend. The latest candle on the daily chart puts bitcoin above the – day moving average. It blew past the 66 – day MA more than three weeks ago.
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