RATE Group | Bitcoin and altcoins on recovery track, bulls are ready to jump
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Bitcoin and altcoins on recovery track, bulls are ready to jump

07 May Bitcoin and altcoins on recovery track, bulls are ready to jump

Posted at 09:07h in Cryptocurrency News by

Here’s what you need to know on Thursday

Markets:

BTC/USD is changing hands at $9,300, with 2.8% of gains on day-to-day. The coin recovered from the intraday low of $9,032. Now it is trading within the strong short-term bullish bias amid low volatility.

At the time of writing, ETH/USD is changing hands at $205.50. The price tested the low of $196.87 during early Asian hours but reversed to the upside. The second-largest coin has lost 1.5% since this time on Wednesday and gained 3% since the start of the day. Now ETH is moving within a short-term bullish trend. The volatility is low.

XRP/USD is hovering at $0.2153, while the recovery is still blocked by $0.2200. A sustainable move above this area is needed for the upside to gain traction. XRP/USD is trading within a bearish trend amid low volatility after having recovered from the intraday low of $0.2099.

Among the 100 most important cryptocurrencies, Numeraire (NMR) $32.08 (+25%), Hyperion (HYN) $0.5554…

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