RATE Group | Despite Market Gains on the Day, Bitcoin Remains Below $6,500, Ethereum Loses $300 Suppo…
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Despite Market Gains on the Day, Bitcoin Remains Below $6,500, Ethereum Loses $300 Suppo…

21 Aug Despite Market Gains on the Day, Bitcoin Remains Below $6,500, Ethereum Loses $300 Suppo…

Posted at 07:30h in Ethereum News by

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August 19: The crypto market picture shows signs of recovery following last week’s major market crash, but momentum has not yet rallied sufficiently to indicate a categorical reversal of the bear market.

August 17 saw the first major attempt to reverse fortunes, but these gains have not been widely consolidated. At press time, Bitcoin (BTC) is trading below the $6,500 price point and Ethereum (ETH) has dipped below $300.

Most major of crypto assets are seeing modest to solid gains of 1 to 5 percent on the day, as Coin360 data shows, with some top 20 coins up as much as 16 percent.

Market visualization

Market visualization from Coin360

Bitcoin (BTC) is currently seeing almost no change over the past 24 hours at press time, trading at around $6,380, according to Cointelegraph’s Bitcoin price index. Yesterday’s bullish but short-lived spike upwards towards the $6,500 mark has failed to hold, and the coin has today seen a slide to as low as $6,330. While it has since stemmed its losses, Bitcoin has…

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