Bitcoin prices are trading marginally higher on Wednesday, continuing to oscillate either side of $3,500.
In early morning trading, one bitcoin BTCUSD, +1.49% was fetching $3,667.69, up 2.1% since Tuesday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange.
Bitcoin’s share of the total value of all cryptocurrencies remains above 50% at 52.3%, according to data from CoinMarketCap.
What are analysts saying
Since tumbling through $6,000 on Nov. 14, bitcoin has yet to stage a substantial rally and analyst Jani Ziedens of the Cracked Market blog said the evidence is pointing toward another leg lower for the world’s best-known cryptocurrency.
