RATE Group | Bitcoin bears hit the pause button
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Bitcoin bears hit the pause button

20 Nov Bitcoin bears hit the pause button

Posted at 06:38h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled close to $8,000 on Wednesday.
  • Altcoins retain bearish bias during early Asian hours.

The cryptocurrency market is range-bound with bearish bias after a sharp sell-off at the beginning of the week. Bitcoin and all major altcoins are nursing lose from 1$ to 4% on a day-to-day basis with NEO being a notable exception. The coin has gained over 5% since this time on Tuesday.

The total cryptocurrency market capitalization stayed at to $223, mostly unchanged from this time on Tuesday; an average daily trading volume is registered at $77 billion. Bitcoin’s market share settled at 66.1%.

Top-3 coins price overview 

BTC/USD tested area below $8,000 on Tuesday. While thee price managed to recover to $8,150 by press time, the market is still controlled by bears. The first digital asset has lost about 1% of its value in recent 24 hours and stayed unchanged since the beginning of the day. Looking technically, the  $8,060-$8,000 area creates a…

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