RATE Group | Cryptocurrency market begins sluggish recovery, upside seems limited for now
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Cryptocurrency market begins sluggish recovery, upside seems limited for now

05 Oct Cryptocurrency market begins sluggish recovery, upside seems limited for now

Posted at 06:08h in Cryptocurrency News by

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  • Bitcoin is the only coin among the top three to have had a bearish start to the day.
  • Ethereum and Ripple bulls are attempting to recover the price but lack momentum.

The cryptocurrency market is mostly bearish in the early hours of Saturday. The total market capitalization recovered to $219.64 billion towards the end of Friday before dipping a bit to $219 billion as of press time. BTC dominance currently lies at 67.2%. Let’s look at how the top three coins have been performing. 

Top three coins overview

BTC/USD has dropped slightly from $8,156 to $8,140 in the early hours of Saturday. The hourly breakdown shows us that BTC/USD fell from $8,156 to $8,120.40 within three the first three hours of the day. The buyers then stepped back in and took the price back up to $8,149.15 before correcting itself around $8,140.

ETH/USD has managed to have two straight bullish days so far. ETH/USD has presently gone up from $176.20 to $177.15. Looking at the hourly price…

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