OctaFX | OctaFX Forex Broker
Open trading account

Bitcoin gains 7%

FXStreet (Mumbai) - Bitcoin surged today after prices remained well supported on technical charts since the beginning of the week.

The BTC/USD is trading 7.2% higher at 389.15, compared to the previous session’s close of 364.00. The virtual currency is on its way towards USD 400 levels, and may test the previous cyclical high of USD 408.20. Moreover, the rise in prices is accompanied by rising volumes at a time when the illegal websites are being taken down by authorities in the US and Europe.

Meanwhile, the BTC/EUR is up 7.25% to trade at 309 levels, while the Coindesks’s Bitcoin Price Index is up 7.53% at USD 394.63.

Bitcoin Technical Levels

Bitcoin has an immediate resistance at 397.89, above which prices can rise to 408.20 levels. On the flip side, support is seen at 384 and 375 levels.

Sterling struggles to find momentum - Investec

Jonathan Pryor, head of FX dealing at InvestecCorporate and Institutional Treasury comments on the impact of the UK wage and inflation data on sterling today.
Read more Previous

Gold rises in GBP terms

Gold prices gained strength in the UK after the Bank of England’s (BOE) quarterly inflation report erased expectations of an early interest rate hike in the UK.
Read more Next
Start livechat