RATE Group | Bitcoin slides below $3,500 as EOS zooms past Stellar (XLM) into 4th position
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Bitcoin slides below $3,500 as EOS zooms past Stellar (XLM) into 4th position

18 Dec Bitcoin slides below $3,500 as EOS zooms past Stellar (XLM) into 4th position

Posted at 13:13h in Cryptocurrency News by

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  • Bitcoin commences the gain trimming exercise as it slides below $3,500.
  • Stellar (XLM) steps back one positon giving EOS an easy pass into to 4th position.

As we get ready for the Christmas and new year’s recess, the market is steadily gaining momentum. There was an incredible bullish move that swept across the market yesterday where gains were visible in terms of market capitalization. The market cap not only reclaimed position above the $100 billion mark, but also closed the day at $112 billon. At the time of writing, the market has corrected even higher to the current $113 billion.

Bitcoin price technical picture

The new Chief of Staff at Trump’s White House has recently showered Bitcoin with praises saying that the digital currency is good and “not manipulatable by any government.” He reckons that Bitcoin is the only way for financial systems to avoid the interference from the government. He blasted the Federal Reserve saying that it has “devalued the dollar as well…

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