RATE Group | Bitcoin locked in a range, altcoins attempt a recovery
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Bitcoin locked in a range, altcoins attempt a recovery

25 Oct Bitcoin locked in a range, altcoins attempt a recovery

Posted at 06:11h in Bitcoin News by

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  • Bitcoin (BTC) is glued t0 $7,450 during early Friday hours.
  • Altcoins are green, gaining from 1% to 16% on a day-to-day basis.

The cryptocurrency market attempts a recovery, however, Bitcoin and all major altcoins are still well below the levels registered at the beginning of the week.  At the time of writing, the total cryptocurrency market capitalization settled at $205 billion, down from $202 billion the day before; an average daily  trading volume dropped to $57 billion from $81 this time on Wednesday; Bitcoin’s market share dropped to 65.6%.

Top-3 coins price overview 

BTC/USD has been range-bound during early Asian hours. The first digital coin is confined to a narrow range limited by $7,424 on the downside and $7,466 on the upside. Meanwhile, we will need to see a sustainable move above at least $8,000 for the upside to gain traction. The nearest support now comes at $7,400. Once it is out if the way the sell-off may continue towards…

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