Good news for those who jumped on the bitcoin bandwagon around the Thanksgiving holidays as family members talked up their new riches from crypto-trading. It seems to have found a bottom right around the levels reached in that holiday week.
Coinbase, the largest bitcoin exchange in the U.S., added roughly 100,000 accounts between Wednesday and Friday of Thanksgiving week, bringing the total of 13.1 million, estimates show.
Bitcoin was trading at $9,300 near the end of the trading day on Coinbase Wednesday. Given it was trading around $8,100 on Thanksgiving day, Nov. 23., investors are up 15 percent.
“It’s a good sign for bulls that this level was able to hold earlier this month,” Bespoke Investment Group wrote in a note Wednesday. “Bitcoin seems to have found an initial…