First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off
(Edited by James Rubin)Good morning. Here’s what’s happening:Market moves: Bitcoin broke $52,000 briefly, while its supply outside of exchanges reached record highs.Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing a column by CoinDesk Chief Content Officer Michael Casey.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $50,866 +.09%Ether (ETH): $4,043 -0.8%MarketsS&P 500: $4,791 +1.38%DJIA: $36,302 +0.9%Nasdaq: $15,871 +1.39%Gold: $1,811 +0.2%Market movesBitcoin, the oldest cryptocurrency, remained at the $51,000 level after it briefly broke above $52,000 during U.S. trading hours on Monday.…