RATE Group | Bitcoin and major altcoins nurse significant losses, more pain ahead
69832
post-template-default,single,single-post,postid-69832,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin and major altcoins nurse significant losses, more pain ahead

25 Nov Bitcoin and major altcoins nurse significant losses, more pain ahead

Posted at 08:58h in Cryptocurrency News by

[ad_1]

  • Bitcoin (BTC) breaks to new multi-month lows in Asia.
  • Altcoins retain downside bias, following the lead of the first digital currency.

The cryptocurrency market has resumed the sell-off during early Asian hours after a short consolidation on the weekends. Bitcoin and all major altcoins are nursing losses on a day-to-day basis. The total cryptocurrency market capitalization crashed to $2180 billion; an average daily trading volume is increased to $113 billion. Bitcoin’s market share settled at 66.3%.

Top-3 coins price overview 

BTC/USD dropped below $6,600 to trade at $6,570 at the time of writing. The first digital asset has lost over 9% on a day-to-day basis and 5% since the beginning of Monday. The next important support is located on the approach to $6,500. A sustainable move below this barrier will trigger the sell-off towards $6,000. 

BTC/USD, 1-hour chart


 
Ethereum’s bearish trend is gaining speed. The second-largest digital asset with the current…

[ad_2]

Source link

Tags:
, , , , , , ,