RATE Group | Lack of momentum keep Bitcoin and major altcoins in check
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Lack of momentum keep Bitcoin and major altcoins in check

28 Apr Lack of momentum keep Bitcoin and major altcoins in check

Posted at 07:44h in Bitcoin News by

Here’s what you need to know on Tuesday

Markets:

BTC/USD hit $7,975 during early Asian hours and retreated to $7,730 by press time. The first digital coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. Now it is trading within the short-term bearish bias amid low volatility.

At the time of writing, ETH/USD is changing hands at $195.60, has stayed mostly unchanged since the beginning of Tuesday and down 1.3% in the recent 24 hours. The second-largest coin hit the recent high at $199.26, but the upside momentum faded away as the bulls are not ready to take out $200.00. Now ETH is moving within a short-term bearish trend. The volatility is low.

XRP/USD is changing hands at $0.1975. The coin has barely changed in the recent 24 hours amid the sense of uncertainty on the cryptocurrency markets.  From the short-term perspective, XRP/USD is trading within a bearish trend amid shrinking volatility.

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