RATE Group | Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains
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Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains

07 Dec Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains

Posted at 14:11h in Bitcoin News by

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Saturday, Dec. 7 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $7,550 mark again.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin price is currently up by 2.12% on the day, trading at around $7,537 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 1.71%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Earlier today, on-chain analyst and trader, Willy Woo, said on Twitter that he believes that Bitcoin’s on-chain momentum is becoming bullish. He suggests that investors are preparing for halvening front running.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, and currently stands sits at $16.3 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $9.8 billion at press time.

Coin360 data shows that ETH has seen an increase in value about 0.4% over the last 24 hours. At press time, ETH is trading around $150. Over…

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