RATE Group | Bitcoin bulls lick wounds, altcoins spiralling down
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Bitcoin bulls lick wounds, altcoins spiralling down

20 Feb Bitcoin bulls lick wounds, altcoins spiralling down

Posted at 13:25h in Bitcoin News by

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  • All major coins are in decline during Asian and European hours on Thursday.
  • EOS and Chainlink are the biggest losers out of top-20 coins.

Bitcoin stays unchanged, while the vast majority of altcoins are in decline. The total market capitalization has reduced to $169 billion, down from $171 billion on Monday. The average daily trading volumes climbed to $44 billion from $39 billion the day before. 

Top-3 coins price overview:

Bitcoin stays around $9,600 ahead of the US opening, mostly unchanged since the beginning of the day and down 6% since this time on Wednesday. From the short-term perspective, the world’s biggest digital coin has a downside bias, while expanding volatility increases the chances of sharp moves in either direction.

Read also: Bitcoin Price Analysis: Bart Simpson pattern implies BTC price manipulations

Ethereum staged an impressive sell-off towards $252.00. The second-largest virtual coin has lost over 2% in recent hours, and nearly 9%…

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