Investing.com - The price of the digital currency Bitcoin was up $100 during intraday trading today, moving above the $1,100 mark.
The price has risen nearly 10% over the course of trading Wednesday, though some foreign press reports indicate there is counterfeiting of Bitcoin digital currency in China.
Global exchange averages have moved closer to the BPI's all-time high of $1,165.89, set years ago, on 30th November, 2013.
After spiking to a high of $1,129.28, resistance appeared in the market to further appreciation of the currency.
Data shows that there are more sell orders than buy orders at many price points between $1,137 and $1,140.
During the last day, more than 60% of BTC/USD orders on Bitfinex have been buy orders.
CNY-denominated markets are also notably up more than 23% for the day, currently averaging ¥8,219.03 after opening the day at ¥6,686.60. The price is currently at ¥7,293.60.
The dollar/yen pairing was at 117.68 on intraday trading, as the yen gained strength.
The euro/dollar pairing was at 1.0452, as the euro showed momentum on Wednesday.
The dollar/pound pair was at 1.2303, as the pound showed unexpected strength.
Minutes from last month's Fed meeting were released in Washington, and may have influenced the mood of the markets. The notes show that the Fed governors were influenced by President-elect Donald J. Trump's victory in the November election when making their decision to raise interest rates and schedule possible rate increases for this coming year.