Bitcoin strives to recover from two-week trough

Bitcoin rose marginally on Wednesday amid recovery attempts from two-week lows, on track for the first profit in three days as weakness continues to permeate crypto trading on tepid investment demand. 

At Bitstamp, Bitcoin rose $10, or 0.2% to $6,265, with an intraday high at $6,298, and the lowest since October 31 at $6,229. 

Bitcoin lost a percentage point on Tuesday, the second in a row as the market lacks positive stimuli so far. 

Market value of cryptocurrencies rose by less than a billion dollars to a total of $210.5 billion. 

Bitcoin is still in a decisively bearish market, but in order to move to a bullish market, a clear stimulus needs to occur, with all eyes on the decision by the US Securities and Exchange Committee to possibly enlist Bitcoin exchange-traded funds, expected in early 2019. 

Otherwise, with many pro-blockchain politicians winning in the US mid-term elections last week, the future seems a bit brighter with regard to US regulations.