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January 29, 2018, 01:02:17 PM |
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The market rebounded as Bitcoin rebounded to its highest level around $ 12,300. The chart showed a strong uptrend but trading volume was not large enough to maintain the uptrend. Many investors took profit at around $ 12,300 before the $ 12,700 resistance.
Total electronic money market capitalization reached $ 590 billion, up 10% over the last 24 hours, but trading volume was still very low compared to the peak in December 2017. Trading volume of all products remained at a low level, as floor number 1 Binance 24h trading volume only reached $ 2.3 billion compared with the peak $ 10 billion in December. Investing in KUCOIN floor maintained quite good trading volume, currently stands at 14. The explosion of ICO on the NEO platform will be favorable conditions to put Kucoin in the top 10 in the near future.
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