RATE Group | Bitcoin and major altcoins consolidate losses
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Bitcoin and major altcoins consolidate losses

12 Nov Bitcoin and major altcoins consolidate losses

Posted at 08:39h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled below $8,700 amid increased bearish pressure.
  • Altcoins are mostly range-bound during early Asian hours.

Bitcoin and all major altcoins have recovered from the recent losses; however, the majority of coins are still in the red zone on a day-to-day basis. The total cryptocurrency market capitalization dipped to $240 billion from $245 the day before; the worth of the digital asset of $68 billion change hands daily on average. Bitcoin’s market share dropped to 66.1%.

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Top-3 coins price overview 

BTC/USD has lost over 1.56% in recent 24 hours and stayed unchanged since the beginning of Tuesday. On the intraday charts, the coin is locked in a tight range limited by SMA50 (Simple Moving Average) 1-hour at $8,835 on the upside and $8,650 on the downside. a sustainable move in either direction is needed to clarify the trend.

BTC/USD, 1-hour chart
 

Ethereum,…

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