RATE Group | Bitcoin Price Risks Dangerous Death Cross Following Latest Correction
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Bitcoin Price Risks Dangerous Death Cross Following Latest Correction

24 Oct Bitcoin Price Risks Dangerous Death Cross Following Latest Correction

Posted at 23:01h in Bitcoin News by

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The cryptocurrency market entered a modest recovery on Thursday, though bitcoin lagged its altcoin peers following a major technical breakdown earlier in the week. At just over 65%, the bitcoin dominance rate has fallen to its lowest level since July.

Crypto Market Update

Crypto markets bottomed near $203 billion on Wednesday following a more than $20 billion dump during the prior session. It was the first time since May that markets threatened to fall below $200 billion in collective value.

By Thursday afternoon, the combined market cap was worth $206.2 billion, according to CoinMarketCap.

Major altcoins and tokens record gains Thursday afternoon. | Chart: coinmarketcap.com

Among the top-ten cryptocurrencies, bitcoin was the only asset not to report gains in the last 24 hours. The leading cryptocurrency had an average price of $7,507.18.

XRP, bitcoin cash and EOS each rose by at least 2.5%. Bitcoin SV was the biggest percentage gainer, climbing 14% to $111.41.

Coins 10-13…

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