RATE Group | Bitcoin Has Clear Path To $8,000, Ethereum And Ripple Facing Key Barriers
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Bitcoin Has Clear Path To $8,000, Ethereum And Ripple Facing Key Barriers

24 Apr Bitcoin Has Clear Path To $8,000, Ethereum And Ripple Facing Key Barriers

Posted at 09:58h in Cryptocurrency News by

  • Bitcoin price encounters resistance immediate after breaking above $7,700 but support at $7,500 protects the bullish effort.
  • Ethereum proves the ability to recovery after testing $170 support and rising to levels close to $190, although $200 critical level is it at bay.

The cryptocurrency market is in the green as the European session takes over from the Asian session. The last two days have been particularly fruitful for the digital asset market. For example, Bitcoin managed to detangle itself from the crude oil crash on Monday that saw traditional stocks and futures market suffer dearly.

The total market capitalization has extended its leg upwards hitting $216 billion at the time of writing. On the other hand, the trading volume has remained relatively stable only rising by $4 billion from $150 recorded on Thursday.

Bitcoin Price Update

BTC/USD is trading at $7,534 at the time of writing. It has advanced upwards by 0.55% on the day from an opening value of $7,493. The bullish…

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