RATE Group | Bitcoin drifts lower amid market indecision
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Bitcoin drifts lower amid market indecision

01 Mar Bitcoin drifts lower amid market indecision

Posted at 08:46h in Bitcoin News by

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  • All major coins are rangebound with bearish bias during Asian hours on Sunday.
  • Bitcoin has settled below $8,600 after an attempt to move above $8,800.
  • Cahinlink and Tezos are the worst performers of the day.

The cryptocurrency market is a mixed picture during early Asian hours on Sunday. Bitcoin and all major altcoins attempt a recovery after a recent slump; however, the upside momentum remains weak at this stage. The total market capitalization has decreased to $245 billion. The average daily trading volumes settled at $132 billion, while Bitcoin’s dominance is registered at 63.8%. 

Top-3 coins price overview:

Bitcoin failed to settle above $8,800 on Saturday and dipped to $8,517 before recovering to $8,575 by press time. The first cryptocurrency stayed mostly unchanged since the beginning of the day and lost 1.8% on a day-to-day basis. On the intraday level, the coin is moving within a short-term bearish trend amid low volatility.

Ethereum dropped to…

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