RATE Group | Bitcoin resumes the decline, altcoins follow the lead
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Bitcoin resumes the decline, altcoins follow the lead

02 Dec Bitcoin resumes the decline, altcoins follow the lead

Posted at 07:02h in Cryptocurrency News by

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  • Bitcoin (BTC) resumed the decline after staying in a range during the weekend.
  • Altcoins are moving in sync with the first digital currency.

The cryptocurrency market has been sidelined during early Asian hours. Bitcoin and all major altcoins are moving inside the ranges after a volatile week.  The total cryptocurrency market capitalization settled at $202 billion unchanged from this time on Sunday; an average daily trading volume decreased to $58 billion. Bitcoin’s market share settled at 66.4%.

Top-3 coins price overview 

BTC/USD bulls faced stiff resistance at $7,900. The coin came close to the barrier twice but failed to break higher. This resistance is reinforced by the middle line of the daily Bollinger Band. Once it is broken, $8,000 will come int focus. Meanwhile, BTC/USD is changing hands at $7,280 at the time of writing, down 1.4% since the beginning of the day, and unchanged on a day-to-day basis.

BTC/USD, 1-hour chart


 
Ethereum is trading at…

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