RATE Group | Bitcoin bulls bow following rejection at $8,200
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Bitcoin bulls bow following rejection at $8,200

11 Mar Bitcoin bulls bow following rejection at $8,200

Posted at 08:14h in Bitcoin News by

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  • Bitcoin price bulls disperse into hibernation after breakout above $8,000 lost steam at $8,200.
  • Ripple partners with Rippleworks to support powerful initiatives around the world.

The cryptocurrency market is calm following a false breakout on Tuesday. The top three cryptoassets climbed above the immediate resistance levels. For instance, Bitcoin broke above $8,000 but fell short of $8,200, Ethereum closed in on $210 while Ripple cleared the hurdle at $0.21.

Over the last seven days Bitcoin has lost 10.64%, Ethereum is down 11.62% and Ripple has shed off 10.28%. The worst-hit coin among the top ten is Bitcoin SV (BSV), trading at 18.13% lower in the last seven days.

Bitcoin dominance on the market is still high at 64% according to the data on CoinMarketCap. The total market capitalization has thinned by $2 billion from $226 billion on Tuesday to $224 at the time of writing. The reported trading volume has tanked by from $150 billion to the current $136…

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