RATE Group | Bitcoin’s recovery stalled on approach to $10,000
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Bitcoin’s recovery stalled on approach to $10,000

22 Jul Bitcoin’s recovery stalled on approach to $10,000

Posted at 04:14h in Cryptocurrency News by

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  • Bitcoin and major altcoins have recovered from the recent lows.
  • The upside momentum may be fading away on approach to critical levels.

The cryptocurrency market has recovered after a sharp sell-off on Tuesday. Bitcoin (BTC) and all major altcoins are staying green, though the upside momentum has yet to gain traction.

The total capitalization of all digital assets in circulation increased to $264 billion from $252 billion this time on Wednesday. The total trading volume is registered at $79 billion, while Bitcoin’s market share decreased to  65.6%, from the recent high recorded at 66.6%.

Top-4 coins price overview

Bitcoin (BTC/USD) is hovering around $9,700 having gained 3.5% since this time on Wednesday. The first digital coin stays unchanged since the beginning of the day as the recovery has faltered on approach to the critical resistance level of $10,000. 

Ethereum, the second-largest digital asset with the current market capitalization of $22.6…

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