RATE Group | Bitcoin bulls try to regain control
70964
post-template-default,single,single-post,postid-70964,single-format-standard,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 bulls try to regain control

05 Dec Bitcoin bulls try to regain control

Posted at 08:22h in Cryptocurrency News by

[ad_1]

  • Bitcoin (BTC) returned to the previous range after a bout of volatility.
  • Altcoins are moving in sync with the first digital currency.

The cryptocurrency market has calmed down after a short period of wild volatility on Wednesday. Bitcoin and all major attempt a recovery after a sharp sell-off. The total cryptocurrency market capitalization increased to $196 billion from $194 billion this time on Wednesday; an average daily trading volume stayed reached $67 billion. Bitcoin’s market share settled at 66.9%.

Top-3 coins price overview 

BTC/USD hit the area above $7,700 on Wednesday; however, the upside movement proved to be unsustainable as the coin has returned to $7,300 by the time of writing. The local support is created by the lower boundary of the recent consolidation channel at $7,100. It is followed by a psychological $7,000. The recovery may be limited by  $7,330 (a confluence of SMA50 (Simple Moving Average), SMA100 and the middle line of the…

[ad_2]

Source link

Tags:
, , ,