RATE Group | Bitcoin retreats from $9,300, Ethereum and Ripple stable
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Bitcoin retreats from $9,300, Ethereum and Ripple stable

28 May Bitcoin retreats from $9,300, Ethereum and Ripple stable

Posted at 07:31h in Cryptocurrency News by

Here is what you need to know on Thursday, May 28, 2020.

Markets:

The cryptocurrency landscape is painted with one red brush as we usher in the European session. On Wednesday, there was a bullish wave that swept across the market but its effect was not significant enough to escape the trappings set by the bears.

Bitcoin, for example, stepped above the coveted $9,000 and extended the gains above $9,200. Attempts to push above $9,300 failed as Bitcoin hit a snag at $9,289. At the time of writing, sellers are forcing the price towards critical levels at $9,100 and $9,000. BTC/USD is teetering at $9,164 after losing 0.50% of its value on the day. If the price can hold above $9,100, buyers could eventually regain control and pull Bitcoin above $9,200 while focusing on higher levels at $9,400 and $9,500.

Ethereum recovery continued above $200 but could not overcome the seller congestion at $210. An intraday high has been reached at $209 but ETH/USD is trading at…

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