RATE Group | Bitcoin struggles to gain ground after the halving
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Bitcoin struggles to gain ground after the halving

12 May Bitcoin struggles to gain ground after the halving

Posted at 08:08h in Cryptocurrency News by

Here’s what you need to know on Tuesday

Markets:

BTC/USD is changing hands at $8,730, having recovered from the intraday low of $8,534. The coin has stayed mostly unchanged on a day-to-day basis and gained 1.8% since the beginning of Tuesday. Now Bitcoin is trading within the strong short-term bearish bias amid high volatility.

At the time of writing, ETH/USD is changing hands at $188.78. The price tested the low of $185.75 during early Asian hours, but reversed to the upside. The second-largest coin has barely changed in the recent 24 hours. Now ETH is moving within a short-term bearish trend. The volatility is low.

XRP/USD is hovering at $0.1960 after a sell-off to the lower boundary of the current consolidation range $0.2000-$0.1900. A sustainable move outside the range is needed for the momentum to gain traction. XRP/USD is trading within a bearish trend amid low volatility.

Among the 100 most important cryptocurrencies, ReddCoin (RDD) $0.0021 (+39%),…

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