RATE Group | Bearish mood pushhes Bitcoin to channel support
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Bearish mood pushhes Bitcoin to channel support

11 Dec Bearish mood pushhes Bitcoin to channel support

Posted at 08:53h in Bitcoin News by

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  • Bitcoin (BTC) is moving inside the range with a bearish bias.
  • Altcoins in retreat, following the lead of the first cryptocurrency.

The bearish sentiments are growing stronger. The cryptocurrency market has been in retread since the beginning of the week, though bitcoin and all major altcoins have not left the boundaries of the recent ranges. 

Chainlink and Tezos are moving against the crypto tide again. The coins have gained over 2% in recent 24 hours and partially recovered yesterday’s losses. 

The total cryptocurrency market capitalization settled at $197 billion from $200 on Tuesday; an average daily trading volume stayed settled at $58 billion. Bitcoin’s market share is registered at 66.7%.

Top-3 coins price overview 

BTC/USD is hovering above $7,200 during Asian hours, down $1.2% on a day-to-day basis. Once $7,200 support gives way, the sell-off will be extended towards a psychological $7,000. The lowest level of the previous week and the lower…

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