RATE Group | Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year
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Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year

31 Oct Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year

Posted at 06:39h in Cryptocurrency News by

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Markets have found a new level for now; Dash, OmiseGO starting to recover, Revain dumping still.

Crypto markets seem to have found another plateau for the time being. Yesterday’s big dump stopped just above $200 billion total capitalization and markets have remained at that level today.

Bitcoin has found support above $6,300 for now and has stayed there for the past 24 hours remaining flat on the day. The bears are still dominating things so a further decline to $6,200 could be imminent. Ethereum has extended its losses and remains under $200 at $197 at the moment.

Altcoins are currently mixed which suggests that they have found another level and no further losses have occurred. In the top ten only Monero has managed to claw back anything, and that is only 1.2% to just over $100. The biggest loser is Cardano again as ADA slips closer to dropping out of the top ten.

The top twenty is also half green and half red but only marginally. Dash is currently making the best recovery with a…

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