RATE Group | Bitcoin and major altcoins attempt a recovery
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Bitcoin and major altcoins attempt a recovery

25 Jan Bitcoin and major altcoins attempt a recovery

Posted at 08:57h in Cryptocurrency News by

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  • The cryptocurrency market has recovered from the recent lows.
  • The short-term momentum remains bearish as the coins are moving inside recent ranges.

The cryptocurrency market has been flashing red colors during early Asian hours with Bitcoin and all major altcoins nursing small losses within the current ranges. The cryptocurrency market capitalization settled at $229 billion, while an average daily trading volume recovered to $89 billion. Bitcoin’s market dominance settled at 66.2%.

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Bitcoin (BTC) price update

The largest cryptocurrency by market capitalization recovered above $8,300 after a short-lived sell-off to the intraday low of $8,217. However, the further upside may be limited by the local resistance created by SMA50 1-hour at $8,370. At the time of writing, BTC/USD is changing hands at at $8,360, down…

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