Bitcoin
Bitcoin (BTC) briefly rose above $17,000 in today’s session, as traders reacted to the latest U.S. consumer confidence report.
Despite falling to a six-month low, the decline in confidence was less than expected, which was a relatively positive sign for markets.
Following a low of $16,366.66, BTC/USD rose to an intraday peak of $17,021.67 earlier in the day.
However, following the breakout of $17,000, which has also been a long-term resistance level, some earlier bulls moved to secure gains, exiting their positions in the process.
