Market Wrap: Bitcoin Steadying Around $52K, Ether Surges on Rising Institutional Interest – CoinDesk – Coindesk

Bitcoin hovers around $52,000 as markets wait and see whether the current price level will be held in the next few weeks.

  • Bitcoin (BTC) trading around $52,124.59 as of 21:00 UTC (4 p.m. ET). Slipping 0.32% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $50,941.99-$52,621.84 (CoinDesk 20)
  • BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

Bitcoin trading on Bitstamp since Feb. 15.
Source: TradingView

Bitcoin volumes on eight major crypto exchanges since the beginning of February.
Source: CryproCompare

“Assuming bitcoin remains stable through the course