RATE Group | Bitcoin in tactical retreat to $9,600 before another jump to $10,000
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Bitcoin in tactical retreat to $9,600 before another jump to $10,000

15 May Bitcoin in tactical retreat to $9,600 before another jump to $10,000

Posted at 09:31h in Cryptocurrency News by

Here’s what you need to know on Friday

Markets:

BTC/USD is changing hands above $9,600. The price went as high as $9,944 on Thursday, but the psychological $10,000 remained untouched. The first digital coin recovered from the intraday low of $9,236, however, the short-term trend remains bearish amid low volatility. The next critical support is created by $9,000. 

ETH/USD struggles to stay above $200.00. The second-largest coin touched the intraday low of $197.10 before recovering to $201.30 by press time.  The price has decreased by 1% since the beginning of the day and stayed unchanged on a day-to-day basis. Now ETH is moving within a short-term bearish trend. The volatility is low.

XRP/USD is hovering marginally above $0.2000 after a short-lived move to the intraday low of $0.1970. While a sustainable move outside the range is a positive development, we still need to see a follow-through for the momentum to gain traction. XRP/USD is trading within a…

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