First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading

First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin broke above $59,000 with at least one analyst expecting a “healthy” holiday rally. Technician’s take (Editor’s Note): On account of the U.S. Thanksgiving holiday, today’s First Mover Asia will include a column in place of the usual Technician’s take. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Market moves The crypto market on Thursday, the U.S. Thanksgiving day holiday, was not as quiet as some anticipated, after bitcoin prices briefly broke past $59,000, and trading volume remained at a level similar to the previous three days. Ether soared past $4,500, a more than 6% gain. As bitcoin’s price finished Thursday (HKT/SGT) in the green, the rest of the crypto market experienced …
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