RATE Group | Crypto market turns red after short-lived recovery
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Crypto market turns red after short-lived recovery

04 Aug Crypto market turns red after short-lived recovery

Posted at 07:39h in Cryptocurrency News by

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  • Bitcoin and major altcoins are range-bound with bearish bias during early Asian hours. 
  • Bitcoin fails to break above local resistance.

The cryptocurrency market has turned into red again the upside momentum of the previous day proved to be unsustainable. UNUS SED LEO (LEO) is the only altcoin in green out of top-20. The coin has gained 1.3% in recent 24 hours to trade at $1.31 at the time of writing. The coin takes the 14th place in the global cryptocurrency rating with the current market value of $1.3 billion.  

The total capitalization of all digital assets in circulation slipped to $286 billion. The total trading volume settled at $45 billion, while Bitcoin’s market share has grown to 66.6%.

Top-4 coins price overview

Bitcoin (BTC/USD) has recovered from the intraday low of $10,564 to trade at $10,750 by the time of writing. The first digital asset has lost 1.2% of its value in the recent 24 hours. The price of the first digital coin attempted a move…

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