RATE Group | Bears start to flip the bulls, Bitcoin hovers above $9,000
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Bears start to flip the bulls, Bitcoin hovers above $9,000

28 Jan Bears start to flip the bulls, Bitcoin hovers above $9,000

Posted at 08:23h in Cryptocurrency News by

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  • Bitcoin price hits the pause button at $9,149 after reclaiming the ground above $9,000.
  • Ethereum and Ripple struggle to defend the short term support areas at $170 and $0.23, respectively.

Cryptocurrencies across the board are extending the bullish sentiments from last weekend into the new week. The move is, however, meant to reverse the negative action experienced last week. The majority of the assets are posting gains between 0.22% to 2% on the day. However, there are selected cryptoassets still grappling with increased selling activity such as IOTA, Dash, Bitcoin Gold and Ethereum Classic.

Read more: Ethereum Market Update: ETH/USD nurtures the breakout above $170

Bitcoin Price Update

Bitcoin has managed to stay in the green despite the correction from the recent high at $9,149. The market value is teetering at $9,035 following a 1.59% rise on the day. Bitcoin’s prevailing trend is strongly bearish while the volatility levels suggests more action…

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