RATE Group | Bitcoin cannot escape the range, drags the market down
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Bitcoin cannot escape the range, drags the market down

10 Dec Bitcoin cannot escape the range, drags the market down

Posted at 07:27h in Bitcoin News by

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  • Bitcoin (BTC) returned to the previous range after a failed recovery attempt.
  • Altcoins are moving in sync with the first digital currency.

The cryptocurrency market is flashing red again. Bitcoin and all major altcoins are nursing losses on a day-to-day basis with the notable exception of Chainlink (LINK). The coin has gained over 9% amid the bearish market. Tezos, Monday’s growth leader, now leading the decline with nearly 7% of on day-to-day losses. 

The total cryptocurrency market capitalization settled at $200 billion; an average daily trading volume stayed retreated to $59 billion. Bitcoin’s market share settled at 66.9%.

Top-3 coins price overview 

BTC/USD is hovering around $7,350 during early Asian hours; This area is reinforced with technical levels, which make it hard to break. Once it happens, the sell-off may be extended towards the lowest level of the previous week at $7,080. On the upside, the local support is created by a combination of…

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