RATE Group | Bitcoin and major altcoins recover from early losses
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Bitcoin and major altcoins recover from early losses

15 Nov Bitcoin and major altcoins recover from early losses

Posted at 12:17h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled above $8,600 amid bearish pressure
  • Altcoins are mostly range-bound with bearish bias during early Asian hours.

The cryptocurrency market is navigating a sea of red on Friday. Bitcoin and all major altcoins are nursing losses both on a day-to-day basis and since the beginning of the day. The total cryptocurrency market capitalization is decreased to $236 billion, from $239 billion this time on Thursday; an average daily trading volume reached $69 billion. Bitcoin’s market share retreated at 65.9%.

Top-3 coins price overview 

BTC/USD is mostly unchanged both since the beginning of the day and on a day-to-day basis. The first digital coin has recovered from the Asian low of $8,494, but failed to gain an upside momentum above $8,600. On the intraday charts, the recovery is limited by SMA50 (Simple Moving Average) 1-hour at $8,650. The nearest support comes at $8,600.

BTC/USD, 1-hour chart


 
Ethereum, the second-largest digital asset…

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