RATE Group | Bitcoin and major altcoins resume the decline
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Bitcoin and major altcoins resume the decline

11 Nov Bitcoin and major altcoins resume the decline

Posted at 06:56h in Cryptocurrency News by

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  • Bitcoin (BTC) crashed below $8,900 amid strong bearish sentiments
  • Altcoins are mostly range-bound with bearish bias during early Asian hours.

Bitcoin and all major altcoins are in retreat during early Asian hours after a recovery attempt on Sunday. The total cryptocurrency market capitalization has not changed since this time on Wednesday. It is registered at $245 billion, the worth of the digital asset of $73 billion change hands daily on average. Bitcoin’s market share dropped to 66.3%.

Top-3 coins price overview 

BTC/USD hit the intraday high at $9,063 during early Asian hours and retreated to the area below $8,900 by the time of writing. The first digital coin has lost over 1% of its value on Monday, thought it is still in the green zone on a day-to-day basis. On the intraday charts, SMA50 (Simple Moving Average) on 15-min chart (currently at $9.030) served as a reversal point for BTC/USD. Unable to pass this barrier, the price reversed to the…

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