RATE Group | Bitcoin, Ethereum and Ripple post shallow gains
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Bitcoin, Ethereum and Ripple post shallow gains

12 Jul Bitcoin, Ethereum and Ripple post shallow gains

Posted at 09:06h in Cryptocurrency News by

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  • Shallow gains are seen across the board led by Bitcoin Gold (BTG).
  • Ripple continues to flex the muscles following the devastating declines.
  • Bitcoin recovered from $11,200 support but the upside is capped under $11,800.

The cryptocurrency market capitalization has remained unchanged since yesterday at $318 billion despite the slight correction seen across the board on Friday. Looking at the intraday charts, most of the top twenty digital assets are in the green led by led by Bitcoin Gold (BTG) which is up 6%. Ripple continues to flex the muscles following the devastating declines on Wednesday and Thursday with over 4% gains while EOS, NEO and Dash all record gains above 3%.

Bitcoin market update

The largest cryptocurrency by market capitalization bled profusely from weekly highs above $13,000 to the support established at $11,200. The losses came as a result of the comments made by the FED’s chair Jerome Powell on Facebook’s Libra cryptocurrency….

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