Market Wrap: Traders Buy the Dip and Bitcoin Holds at $9,200

Bitcoin (BTC) trading around $9,240 as of 20:00 UTC (4 p.m. ET), gaining 0.25% over the previous 24 hours. “The price of bitcoin again returned to the range of $9,000-$9,200 after the asset again failed to pass a key level at $9,392,” said Constatin Kogan, a partner at cryptocurrency fund BitBull Capital.

Bitcoin trading on Coinbase the past month.Source: TradingView Josh Rager, a trader and adviser of crypto brokerage LevelInvest, says it will be hard to get back to Wednesday’s $9,400 price range for the time being. Bitcoin locked in DeFi up 200% The second-largest cryptocurrency by market capitalization, ether (ETH), was flat Friday, trading around $239 and in the red 0.10% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

Timeline of Bitcoin, Ethereum