RATE Group | Bitcoin and major altcoins extend the recovery
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Bitcoin and major altcoins extend the recovery

26 Nov Bitcoin and major altcoins extend the recovery

Posted at 06:20h in Bitcoin News by

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  • Bitcoin (BTC) settles above $7,200 during early Asian hours.
  • Altcoins retain upside bias, following the lead of the first digital currency.

The cryptocurrency market has once again demonstrated its volatile nature. After a sharp collapse during early Asian hours on Monday, Bitcoin and all major altcoins managed to regain the lost ground and enter into green territory. The total cryptocurrency market capitalization jumped to $196 billion from $180 billion this time on Monday; an average daily trading volume decreased to $91 billion. Bitcoin’s market share settled at 66.3%.

Top-3 coins price overview 

BTC/USD jumped above $7,000 and settled at $7,260 at the time of writing. The first digital asset has gained nearly 9% on a day-to-day basis and stayed unchanged since the beginning of Tuesday. The next crucial resistance is located on the approach to $7,350 (the upper line of the 1-hour Bollinger Band. A sustainable move above this barrier will trigger further…

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