RATE Group | Bitcoin (BTC) and major altcoins range-bound with bearish bias
57046
post-template-default,single,single-post,postid-57046,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 (BTC) and major altcoins range-bound with bearish bias

06 Aug Bitcoin (BTC) and major altcoins range-bound with bearish bias

Posted at 05:22h in Cryptocurrency News by

[ad_1]

  • Bitcoin and major altcoins have settled in tight ranges after strong movements on Monday.
  • A new catalyst is needed to push the coins towards new highs.

The cryptocurrency market is a mixed picture during early Asian hours on Tuesday. Bitcoin and all major altcoins are pretty directionless, as they are moving in within tight ranges with bearish bias amid low trading activity. 

The total capitalization of all digital assets in circulation reached $306 billion. An average daily trading volume is registered at $66 billion, while Bitcoin’s market share climbed to 67.9%.

Top-4 coins price overview

Bitcoin’s recovery has stalled on approach to $11,900 barrier. The first digital coin is hibernating in a tight range on Tuesday, gaining 1.5% on a day-on-day basis and losing 1.2% since the beginning of the day. At the time of writing, BTC/USD is changing hands at $11,690.

Ethereum, the second-largest digital asset with the current market capitalization of $24.5…

[ad_2]

Source link

Tags:
, , , , , ,