RATE Group | Bitcoin. Ethereum and Ripple in total lockdown as consolidation takes over
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Bitcoin. Ethereum and Ripple in total lockdown as consolidation takes over

22 Apr Bitcoin. Ethereum and Ripple in total lockdown as consolidation takes over

Posted at 03:40h in Cryptocurrency News by

  • Cryptocurrency trading across the board remains drab as consolidation sets in following a retreat from last week’s highs.
  • Bitcoin price stuck under the hurdle at $6,900 after recovery from the week’s low at $6,748.
  • Ripple price is range-bound between $0.18 and $0.19.

The cryptocurrency market is in a lull situation following a retreat from the highs achieved last week. The majority of cryptoassets are barely sustaining in the green especially the top three; Bitcoin Ethereum and Ripple. The most battered coin is Bitcoin Gold (BTG) after losing 1.36% of its market value on the day.

Data by CoinMarketCap shows a fall in the total market capitalization from the recent high at $204 billion to the current $198 billion. The drop clearly shows that the selling pressure in the past 48 hours has been significant especially for Bitcoin after falling from high above $7,300 to lower levels at $6,748. The total trading volume has also tumbled from $186 billion to $114…

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