RATE Group | Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’
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Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’

05 Dec Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’

Posted at 20:33h in Cryptocurrency News by

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Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time.

After Bitcoin (BTC) attempted another recovery yesterday to break above $7,500, the biggest cryptocurrency has dipped below the $7,200 threshold again today.

Among the few coins that report some green at the time of this writing, Unus Sed Leo (LEO) is seeing the biggest growth, up 0.4%. In contrast, Algorand (ALGO), is seeing the biggest losses among the top 20, down more than 6% according to data from Coin360.

Market visualization. Source: Coin360

Market visualization. Source: Coin360

After failing to hold the $7,500 support yesterday, Bitcoin saw a sharp drop below the $7,200 price point earlier on the day before another recovery attempt. At press time, Bitcoin is trading at $7,383, down 1.4% over the past 24 hours, with an intraday low of $7,179, according to Coin360.

Bitcoin’s price dynamics look worse over the past week as the cryptocurrency lost 2.7% over a…

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