RATE Group | Bitcoin (BTC) consolidates losses at $7,400
66344
wp-singular,post-template-default,single,single-post,postid-66344,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 (BTC) consolidates losses at $7,400

24 Oct Bitcoin (BTC) consolidates losses at $7,400

Posted at 05:43h in Cryptocurrency News by

[ad_1]

  • Bitcoin (BTC) has settled marginally above critical $7,400 during early Thursday hours.
  • Altcoins are deep in red, nursing losses from 2% to 8%.

The cryptocurrency market is deep in red with bitcoin (BTC) and all major altcoins nursing losses from 2% to 8%. While the sell-off has slowed down, the market is still dominated by bearish sentiments. At the time of writing, the total cryptocurrency market capitalization is registered at $202 billion, down from $217 billion the day before; an average daily  trading volume catapulted to $81 billion from $59 this time on Wednesday; Bitcoin’s market share dropped to 65.9%.

Top-3 coins price overview 

BTC/USD has been consolidating losses from a sharp-sell-off on Wednesday taht took the price of the first digital coin to $7,400. A sustainable breakthrough below the support of $7,800 strengthened by SMA200 (Simple Moving Average) on a weekly chart, worsened the short-term technical picture. The nearest support now…

[ad_2]

Source link

Tags:
, , , ,