RATE Group | The cryptocurrency market tries to get back on recovery track
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The cryptocurrency market tries to get back on recovery track

29 Oct The cryptocurrency market tries to get back on recovery track

Posted at 08:51h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled at $9,400 after a sell-off on Monday.
  • Altcoins are moving inside the recent ranges, despite the recovery attempts.

The cryptocurrency market is recovering after a sell-off during late New York hours on Monday. At the time of writing, Bitcoin and all major altcoins are in a green zone since the beginning of the day, though the majority of coins are still nursing losses on a day-to-day basis. The total cryptocurrency market capitalization is registered at $249 billion from $253 billion the day before; an average daily  trading volume decreased to $97 billion from $116 this time on Sunday; Bitcoin’s market share decreased to 67.7%.

Top-3 coins price overview 

BTC/USD bottomed at $9,187 during late trading hours on Monday before retreating to $9,400 by the time of writing. Despite the recovery, the first digital coin is still down 3% from this time on Monday, moving within a short-term bearish trend amid decreasing volatility….

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