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Bitcoin maintains the 91,000 dollar range, capturing bullish signals in the market amid mixed trends in altcoins.
Source: BlockMedia Original Title: [New York Coin Market] Bitcoin Holds at $91,000, Altcoins Catch Their Breath After a Bounce Original Link: https://www.blockmedia.co.kr/archives/1012637 Digital assets are showing a consolidation phase after rebounding.
Bitcoin ( BTC ) is trading at $91,184.80, up 0.14% as of 5:30 PM on the 29th according to CoinMarketCap. Ethereum ( ETH ) also showed a slight gain of 0.06%.
Altcoins showed mixed trends and failed to continue their upward momentum. On a weekly basis, Ethereum and XRP( recorded double-digit increases of 12.67% and 13.56%, respectively, while other altcoins also showed strong rebounds.
However, the Fear and Greed Index still showed a fear level of 20.
Indicators have also emerged that predict a continuous rebound in the market. The Bitcoin premium index of a certain trading platform has switched to positive. This means that American buyers are paying a premium at a higher price than the international market to purchase Bitcoin spot. This index recorded negative values for most of November.
When the premium of the normal arbitrage platform records a plus, the Bitcoin and digital asset market shows a bullish trend.