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Title: [2015-12-09] cointelegraph : Bitcoin Grows While The Dollar Faces Price Correct Post by: Sturgeon on December 09, 2015, 12:33:13 PM Our expectations were met again with the price of BTC/USD overcoming both resistance levels of $400 and $410. Currently, the Bitcoin price reached $ 420. During today, the price rose by 7%. However, this situation is primarily due to a falling price of the US Dollar against various currencies such as the Euro, British Pound, Yen, and well Bitcoin too. Moreover, a report on China's trade surplus, which resulted in the situation on the commodity market in China stabilizing was recently published. According to that report, net export increased by 64% in comparison to the year 2014. Positive statistics from China always seems to support the Euro and has a negative impact on the dollar.
http://cointelegraph.com/news/115832/daily-bitcoin-price-analysis-bitcoin-grows-while-the-dollar-faces-price-corrections |