RATE Group | Bitcoin bears have an upper hand
69480
post-template-default,single,single-post,postid-69480,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 bears have an upper hand

22 Nov Bitcoin bears have an upper hand

Posted at 06:38h in Cryptocurrency News by

[ad_1]

  • Bitcoin (BTC) recovers from the recent low, still under pressure.
  • Altcoins retain downside bias during early Asian hours.

The cryptocurrency market has settled down after a sharp sell-off on Thursday. Bitcoin and all major altcoins are nursing losses on a day-to-day basis with ta notable exception of Tezos (XTZ). The coin has gained over 5%, building on the recovery of the week. The total cryptocurrency market capitalization crashed to $208 billion, from $220 billion this time on Thursday; an average daily trading volume is increased to $81 billion. Bitcoin’s market share settled at 66.1%.

Top-3 coins price overview 

BTC/USD recovered from Thursday low of  $7,393 and settled down in a new range limited by $7,700 on the upside and $7,500 on the downside. At the time of writing, BTC/USD is changing hands at $7,580, down nearly 5% on a day-to-day basis and unchanged since the beginning of the day. 

BTC/USD, 1-hour chart


 
Ethereum, the second-largest…

[ad_2]

Source link

Tags:
, , ,