RATE Group | Bitcoin locked in a range after volatile week
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Bitcoin locked in a range after volatile week

26 Jan Bitcoin locked in a range after volatile week

Posted at 07:03h in Bitcoin News by

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  • The cryptocurrency market is directionless during early Asian hours on Sunday.
  • Bitcoin and all major altcoins are trapped in tight ranges.

The cryptocurrency market has been moving sideways with bullish bias during early Asian hours on Sunday. Saturday’s sell-off did not yield into a big move and several altcoins reversed from support levels and attempted recovery. The cryptocurrency market capitalization edged to $230 billion, while an average daily trading volume dropped to $72 billion. Bitcoin’s market dominance settled at 66.1%.

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Bitcoin (BTC) price update

The largest cryptocurrency by market capitalization has settled above $8,300 after a short-lived sell-off to $8,217 On January 24. At the time of writing, BTC/USD is changing hands at $8,350, mostly unchanged since the beginning of the day. We will need to see a sustainable move above $8,450 created by SMA100 1-hour and…

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