RATE Group | Major cryptocurrencies post modest losses on Sunday
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Major cryptocurrencies post modest losses on Sunday

03 Nov Major cryptocurrencies post modest losses on Sunday

Posted at 10:49h in Cryptocurrency News by

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  • Bitcoin erases Saturday’s gains, continues to trade above $9,000.
  • Ethereum stays directionless in a tight range below $200.

Major cryptocurrencies continue to stay calm this weekend in the absence of significant macroeconomic drivers that could potentially impact the cryptocurrency market sentiment. 

Top-3 coins price overview

Bitcoin (BTC/USD) added 0.6% on Saturday but struggled to gather further bullish momentum and reversed its direction on Sunday. As of writing, the pair was down 0.8% on the day at $9,235. After registering an impressive 16% increase last week, the pair remains on track to erase more than 3% this week.

Reflecting the neutral outlook, the Relative Strength Index (RSI) on the daily chart is edging lower toward the 50 mark. On the upside, the pair could face the initial resistance at $10,000 (psychological level/Fibonacci 61.8% retracement of June rally/October 28th high) ahead of $10,540 (October 26th high) and $10,750 (Fibonacci…

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