The bitcoin massacre took a pause Tuesday, with the best-known digital currency trading marginally higher.
In early trading, a single bitcoin BTCUSD, +1.97% was last changing hands at $3,685.64, up 0.2% since Monday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange.
After a dire stretch for bitcoin, one chart observer said signs point to a potential bottom around current levels. “After dropping in excess of 40% in the last two weeks, with very little news to drive the move, bitcoin is trying to build a base around the $3,500 – $3,700 level in the last three days,” wrote Nick Cawley, markets analyst at Daily FX.
