RATE Group | Bitcoin, Ripple and Ethereum dive into the rabbit holes
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Bitcoin, Ripple and Ethereum dive into the rabbit holes

24 Jan Bitcoin, Ripple and Ethereum dive into the rabbit holes

Posted at 07:28h in Cryptocurrency News by

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  • All of the top three cryptocurrencies Bitcoin, Ethereum and Ripple dive below key support areas on Friday.
  • Bitcoin bulls are working tooth and nail to defend the support at $8,300 in a bid force a reversal above $8,400.

The bull rally that has been praised immensely this January appears have died and passed on the mantle to the bears who want nothing but to wreak havoc in the cryptocurrency market. The market generally painted and interestingly, the biggest gainers last week are recording the biggest losses of the day. For instance, Bitcoin Gold is correcting lower 4.85%, Dash is down 4.18% and Ethereum Classic is teetering 3.58% lower on the day.

Read more: Ethereum Classic Price Analysis: ETH/USD bears flip the bulls, target shifts to $5

Bitcoin price update

Bitcoin is undergoing a pullback from the recent $9,200 high. The reversal is taking place after an incredible performance since the beginning of January. Bitcoin extended the gains from last…

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