Market Wrap: Bitcoin Holds Above $30K but Price Chart Looks ‘Ugly’

Bitcoin bounced to around $32,200 after touching a 2.5-week low early Friday near $31,000. 

The largest cryptocurrency by market value may have been buoyed by a CoinDesk report that Bank of America has approved trading in bitcoin futures for some clients, according to Edward Moya, senior market analyst for Oanda. 

“This is a big commitment for America’s second-largest bank and signals that interest in trading cryptocurrencies is here to stay,” Moya wrote in an email. “On Wall Street,…


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