RATE Group | Bitcoin bulls failure to gain momentum builds the case for another fall
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Bitcoin bulls failure to gain momentum builds the case for another fall

26 Mar Bitcoin bulls failure to gain momentum builds the case for another fall

Posted at 18:59h in Bitcoin News by

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Here’s what you need to know on Thursday

Markets

BTC/USD is currently trading at $6663 (+0.65%), the price is moving within consolidation mode, ahead of another attempt at $7000.

ETH/USD is currently trading at $136 (-0.45%), heavy supply runs from $140-150.

XRP/USD is currently trading at $0.16 (-0.20%), narrow trading continues with a chunky barrier at $0.17 and key support at $0.14.

Among the 100 most important cryptocurrencies, the best of the day are NMR $16.65 (+22.00%), QNT $2.99 (+19.65%) VET $0.111478 (+15.15%) The day’s losers are EDC $0.013185 (-24.42%), SXP $0.509168 (-10.55%), HOT $0.000324  (-4.60%).

Chart of the day: LTC/USD daily chart (Risks remain tilted to the downside with the price moving within a bearish pennant)

Market

Cardano launched its off-chain scalability protocol, Ouroboros Hydra, after 5 years of development. According to a spokesperson of IOHK — the firm behind Cardano — Hydra is the result of a five-year European…

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