Bitcoin price: 7746.51 USD
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CNY prices follow suit
Prices on major CNY exchanges followed a similar trajectory as those on major USD exchanges, though prices had declined in the market since hitting peak as of press time.
For example, the price of bitcoin on Huobi rose to ¥2,735 at 14:30 BST, up from ¥2424.70 at 13:15 BST, when prices started to rise on the exchange.
Data from OKCoin, China's largest exchange by volume, shows a similar trajectory.
bitcoinWisdom - OKCoin
Market shorting declines
As a positive sign that the latest increase in price may mark a reversal of the most recent downtrend, data from BFXdata showed that there was also a change in how investors were betting on the future prospects of bitcoin today.
Following a sharp uptick in active bitcoin swaps beginning on 20th September, BFXdata illustrated that this market behavior declined precipitously beginning at 14:15 BST.
Bitfinex is one of three major bitcoin exchanges, including BTC-e and OKCoin, that offer margin trading. The investment tool allows investors to short or long the market, effectively placing wagers on the future negative or positive performance of bitcoin.
The decline in total outstanding swaps suggests a number of investors may have closed their short positions on bitcoin, though since the data provides only the total sum it is not known how many traders have closed those positions.