RATE Group | Bitcoin And Crypto Market Nosedives: BCH, EOS, TRX, ADA Analysis
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Bitcoin And Crypto Market Nosedives: BCH, EOS, TRX, ADA Analysis

24 Oct Bitcoin And Crypto Market Nosedives: BCH, EOS, TRX, ADA Analysis

Posted at 05:38h in Bitcoin News by

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  • The total crypto market cap is down more than 10% and it broke the $200.0B support area.
  • Bitcoin price declined heavily and traded below the $7,500 support area.
  • EOS price is down more than 8% and it traded close to the $2.500 support area.
  • BCH price is still holding the main $200 support area, with positive signs.
  • Tron (TRX) price is trading just below the $0.0145 support area.
  • Cardano (ADA) price spiked below $0.0385 and traded close to the $0.0350 support area.

Bitcoin and the crypto market cap are down heavily below key supports. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are recovering but facing hurdles.

Bitcoin Cash Price Analysis

Recently, BCH price failed to stay above the $225 level against the US Dollar. As a result, there was a fresh decline below the $215 support. The price even spiked below the $205 support, but the price seems to be holding the $200 support area.

The price is currently recovering, but there are many hurdles on the upside near the $215 and $220…

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