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Crypto Today: Bitcoin bears force critical

23 Jan Crypto Today: Bitcoin bears force critical

Posted at 19:54h in Bitcoin News by

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Here’s what you need to know on Thursday

Markets

BTC/USD is currently trading at $8,400 (-3.40%) in the afternoon in U.S. hours, as markets bears break critical $8500 price mark, allowing for a wave of further downside pressure. 

ETH/USD is currently trading at $161.58 (-4.30%), a critical daily support at $160 at risk of being breached by the bears. 

XRP/USD is currently trading at $0.2247 (-4.30%), narrowing nine day range block is being breached by the bears. 

Among the 100 most important cryptocurrencies, the best of the day are CENNZ $0.0077108 (+37.95%), SXP $0.712816 (+18.49%) and CKB $0.006281 (+15.27%) and The day’s losers are GNT $0.037227 (-14.50%), KMD $0.658056 (-11.49%) and BCD $0.539637 (-10.30%).

Chart of the day: BTC/USD 4-hour chart (price action extending below critical near-term trend line) 

Market

Miners on the Bitcoin Cash network appear to be preparing a plan to finance the protocol’s development using their own block…

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