RATE Group | Bitcoin bears celebrate another victory, as BTC settles below $9,500
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Bitcoin bears celebrate another victory, as BTC settles below $9,500

16 Nov Bitcoin bears celebrate another victory, as BTC settles below $9,500

Posted at 09:34h in Bitcoin News by

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  • Bitcoin (BTC) has settled below $8,500 amid growing bearish pressure
  • Altcoins are mostly range-bound with bearish bias during early Asian hours.

Cryptocurrency market is range-bound with bearish bias during early Asian hours on Saturday. Bitcoin and major apt coins are nursing losses on a day-to-day basis. The total cryptocurrency market capitalization is decreased to $233 billion, from $236 billion this time on Thursday; an average daily trading volume reached $69 billion. Bitcoin’s market share settled at 65.9%.

Top-3 coins price overview 

BTC/USD is mostly unchanged both since the beginning of the day and down 1.5% on a day-to-day basis. The first digital coin has recovered from the Asian low of $8,458 but failed to regain ground above $8,500. On the intraday charts, the recovery is limited by the upper line of 1-hour Bollinger Band on approach to $8,500. 

BTC/USD, 1-hour chart


 
Ethereum, the second-largest digital asset with the current market…

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