RATE Group | Bitcoin retreats below $10,000 amid high market volatility
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Bitcoin retreats below $10,000 amid high market volatility

08 May Bitcoin retreats below $10,000 amid high market volatility

Posted at 13:36h in Cryptocurrency News by

Here’s what you need to know on Friday

Markets:

BTC/USD is changing hands at $9,880, having retreated from the intraday high of $10,047. The coin has lost 2% since the start of the day, though it is still 5% higher on a day-to-day basis. Now Bitcoin is trading within the strong short-term bullish bias amid high volatility.

At the time of writing, ETH/USD is changing hands at $208.80. The price tested a high of $216.93 during early Asian hours but reversed to the downside. The second-largest coin has lost 2% since the start of the day and gained 2% in the recent 24 hours. Now ETH is moving within a short-term bullish trend. The volatility is expanding.

XRP/USD is hovering at $0.2153, unchanged on a day-to-day basis and down 1.5% since the beginning of Friday. XRP’s recovery is still blocked by $0.2200. A sustainable move above this area is needed for the upside to gain traction. XRP/USD is trading within a bearish trend amid expanding volatility.

Among…

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