RATE Group | Bitcoin stabilizes above $7,500, Ethereum and Ripple flex bullish muscles
71394
post-template-default,single,single-post,postid-71394,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin stabilizes above $7,500, Ethereum and Ripple flex bullish muscles

09 Dec Bitcoin stabilizes above $7,500, Ethereum and Ripple flex bullish muscles

Posted at 04:58h in Cryptocurrency News by

[ad_1]

  • The drab weekend action jumps into the new week as Bitcoin, Ethereum and Ripple struggle to stay above key support zones.
  • Ripple must reclaim $0.23 support to open the road towards $0.24 supply zone.

Cryptocurrencies, led by the top three assets Bitcoin Ethereum and Ripple remained within key levels over the weekend. The drab action seems to have crossed into the new week where the Asian session continues to be characterized by shrinking volatility and little to no upside action.

Bitcoin market update

Bitcoin zoomed above $7,600 on Friday but failed to step above $7,700. The increasing selling pressure sent BTC back to the $7,500 range. The price is stable above $7,500 but has retreated from the opening at $7,521 to $7,519 (prevailing price). The prevailing trend is bearish but with the shrinking volatility, little action is expected downwards.

BTC/USD 1-hour chart

Ethereum market update

Ethereum after closing the last week short of $150, spent the…

[ad_2]

Source link

Tags:
, , , , , , ,