RATE Group | Cryptocurrency Market Update: Altcoins Continue to Slide
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Cryptocurrency Market Update: Altcoins Continue to Slide

02 Aug Cryptocurrency Market Update: Altcoins Continue to Slide

Posted at 11:51h in Cryptocurrency News by

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Market decline has slowed but EOS, VeChain, Cardano, and Ethereum Classic are still suffering.

The rout has not continued over the past 24 hours and crypto land seems to have found a level where markets have settled. This is just above $270 billion in terms of total market capitalization, however the outlook is still bearish.

Bitcoin has made marginal moves higher but is still around the same level it was trading at this time yesterday. BTC resides at $7,650 at the time of writing and technical signals indicate that it could move higher to test the $7,850 resistance level. Ethereum has not fared so well and has continued to fall, dropping 1.4% to $420.

Most of the altcoins are also still falling according to Coinmarketcap stats this morning. In the top ten EOS and Cardano are still falling fastest with over 4% declines on the day. XRP has fallen back from yesterday’s pump to trade $0.44, 2.5% lower today.

In the top twenty VeChain is getting bashed up once again with a 10% slide to…

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