RATE Group | Bitcoin struggles to stay above $9,000
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Bitcoin struggles to stay above $9,000

01 Nov Bitcoin struggles to stay above $9,000

Posted at 06:35h in Cryptocurrency News by

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  • Bitcoin (BTC) stays above SMA200 daily amid short-term downside correction.
  • Altcoins are a mixed picture during early Asian hours.

The cryptocurrency market is a mixed picture during early Asian hours. Bitcoin is nursing small losses, while some major altcoins out of top-20 attempt growth from 1% to 8%. The total cryptocurrency market capitalization settled at $244 billion from $245 billion the day before; an average daily trading volume is registered at $85 billion down from $88 this time on Wednesday; Bitcoin’s market share is 67.4%.

Top-3 coins price overview 

BTC/USD bottomed at $8,995 on October 30, but managed to recover above $9,000 handle. At the time of writing, the first digital coin is changing hands at $9,091, down less than 1% both on a day-to-day basis and since the beginning of the day. SMA200 (Simple Moving Average) daily located on approach to $9,000 cremates a strong support for BTC. Once it is out of the way, the sell-off is likely to…

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