RATE Group | Bears resume the aggressive sell-off
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Bears resume the aggressive sell-off

19 Nov Bears resume the aggressive sell-off

Posted at 12:15h in Cryptocurrency News by

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  • Bitcoin (BTC) has come dangerously close to $8,000 on Tuesday.
  • Altcoins are mostly range-bound with bearish bias during early Asian hours.

The cryptocurrency market has resumed the sell-off after a short consolidation period. Bitcoin and all major altcoins are deep in red with Bitcoin Cash (BCH) and Bitcoin SV (BSV) being the worst-performers out of top-20 with 11% and 10% of losses on a day-to-day basis. 

The total cryptocurrency market capitalization dropped to $222 billion from $234 billion this time on Monday; an average daily trading volume increased to $72 billion. Bitcoin’s market share edged to 66.1%.

Top-3 coins price overview 

BTC/USD broke below $7,990 on Tuesday to trade at $8,050 by press time. The first digital asset has lost over 4% of its value in recent 24 hours and 1.3% since the beginning of the day. Looking technically, the initial support is created by $8,060-$8,000 area, which includes the lower line of 1-hour Bollinger…

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