RATE Group | Bitcoin (BTC) bulls lick wounds after Tuesday’s carnage
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Bitcoin (BTC) bulls lick wounds after Tuesday’s carnage

07 Aug Bitcoin (BTC) bulls lick wounds after Tuesday’s carnage

Posted at 04:45h in Cryptocurrency News by

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  • Bitcoin and major altcoins are range-bound during Asian hours. 
  • Most top coins are nursing losses on a day-on-day basis.

The cryptocurrency market failed to keep with the upside momentum. Bitcoin (BTC) and all significant altcoins are in a red zone, losing from 1% to 6% on a day-on-day basis. The total capitalization of all digital assets in circulation settled $304 billion. An average daily trading volume is registered at $67 billion, while Bitcoin’s market share hit the new high at 68.2%.

Top-4 coins price overview

Bitcoin hit $12,325 on Tuesday before collapsing to $11,200. While the first digital coin has recovered towards $11,560 by the time of writing, it is still down 1.6% on a day-on-day basis. BTC/USD has been range-bound during early Asian hours after wild gyrations of the previous day.

Ethereum, the second-largest digital asset with the current market capitalization of $24.3 billion, has lost 1.1% on a day-on-day basis and stayed unchanged since…

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