RATE Group | Bitcoin unrelenting in the journey to $100,000
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Bitcoin unrelenting in the journey to $100,000

10 Mar Bitcoin unrelenting in the journey to $100,000

Posted at 13:13h in Cryptocurrency News by

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  • Calm returns to the cryptocurrency market; an analyst doubles down on BTC rise to $100,000.
  • Gold bug Peter Schiff continues to poke in the wounds of Bitcoin investors saying that BTC failed the test as hedging asset.

The cryptocurrency market continues to dump on the third day in a row. However, there is some semblance of calm across the board. The total market capitalization according to the data by CoinMarketCap has dropped from $228 billion (posted on Monday) to $225 billion at the time of writing. The reported volume has increased also tanked from $174 billion to $149 billion in the same period.

BTC/USD recovered from the extended lower leg which touched $7,650. Unfortunately, the bulls lost their mojo above $7,900 leaving $8,000 unconquered. Bitcoin price currently dances at $7,881 after losing 0.65% of its value on the day. The trend remains bearish but the shrinking volatility suggests that losses could be limited in the near term.

ETH/USD, on the…

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