RATE Group | Bitcoin and major altcoins live through a Bloody Monday.
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Bitcoin and major altcoins live through a Bloody Monday.

05 May Bitcoin and major altcoins live through a Bloody Monday.

Posted at 02:00h in Cryptocurrency News by

Here’s what you need to know on Monday

Markets:

BTC/USD is changing hands at $8660, having recovered from the intraday low of $8,535. The first digital coin has lost 4% in the recent 24 hours and 3.6% since the beginning of Monday. Now it is trading within the strong short-term bearish bias amid expanding high.

At the time of writing, ETH/USD is changing hands at $201.00. The price tested area above $210.00 during early Asian hours but reversed sharply to the downside amid increased bearish sentiments. The second-largest coin lost over 6% since this time on Sunday. Now ETH is moving within a short-term bearish trend. The volatility is high.

XRP/USD is hovering at $0.2120. The coin has recovered from Monday’s low $0.2075 and lost nearly 4% since the start of the day.  From the short-term perspective, XRP/USD is trading within a bearish trend amid high volatility.

Among the 100 most important cryptocurrencies, Holo (HOT) $0.0005 (+25.8%), Zilliqa (ZIL)…

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