RATE Group | Bitcoin bulls and bears fight for $9,000
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Bitcoin bulls and bears fight for $9,000

05 May Bitcoin bulls and bears fight for $9,000

Posted at 08:44h in Bitcoin News by

Here’s what you need to know on Monday

Markets:

BTC/USD is changing hands at $9020, having recovered from the intraday low of $8,827. The first digital coin has gained 3.5% in the recent 24 hours and 1.6% since the beginning of Tuesday. Now it is trading within the strong short-term bearish bias amid high volatility.

At the time of writing, ETH/USD is changing hands at $208.60. The price tested area above $212.00 during early Asian hours but reversed to the downside. The second-largest coin gained over 4% since this time on Monday. Now ETH is moving within a short-term bullish trend. The volatility is high.

XRP/USD is hovering at $0.2196. The coin has attempted to settle above $0.2200 during early Asian hours but failed to hold the ground. Despite the retreat, it has gained 3.5% since the start of the day.  From the short-term perspective, XRP/USD is trading within a bearish trend amid high volatility.

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