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Bitcoin Shrugs Off BlockFi, China Protests As BTC Price Holds $16K

Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers.

Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight.

The pair had seen a flash downturn after the Nov. 27 weekly close thanks to uncertainty from China over Coronavirus measures.

A recovery nonetheless took the market higher, with $16,500 coming into play at the time of writing.

(By WILLIAM SUBERG)

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