RATE Group | Bitcoin bleeds under $8,000 as Ethereum and Ripple struggle at key support zones
75103
wp-singular,post-template-default,single,single-post,postid-75103,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,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 bleeds under $8,000 as Ethereum and Ripple struggle at key support zones

09 Jan Bitcoin bleeds under $8,000 as Ethereum and Ripple struggle at key support zones

Posted at 06:58h in Ethereum News by

[ad_1]

  • Reversal sets in across the cryptocurrency landscape erasing $9 billion of the total market cap.
  • Bitcoin refreshes the $7,000 range following the rejection at $8,400.
  • Ethereum on verge of a breakdown after failing to hold above $140.

The cryptocurrency market is back in the red following several days of remarkable upward movement, especially for Bitcoin. The majority of the digital assets are posting losses in the range between 0.5% and 4%. Bitcoin Gold and Monero lead the market in declines having lost 3.26% and $2.67% respectively. All of the top three coins are also in the red with Bitcoin trading 1.12% lower, Ethereum at -0.47% and Ripple at -0.44%.

The data provided by CoinMarketCap shows that the selloff has wiped off $9 billion of the total crypto market capitalization. The market stands at $209 billion and features $87 billion in trading volume.

Bitcoin market update

Bitcoin retreated from the 2020 high at $8,464. The surge from the support at…

[ad_2]

Source link