RATE Group | Major cryptos register modest losses on Saturday
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Major cryptos register modest losses on Saturday

11 Jan Major cryptos register modest losses on Saturday

Posted at 21:51h in Cryptocurrency News by

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  • Bitcoin retraces part of Friday’s rally, holds above $8000.
  • Ethereum erases more than 1% after gaining 5% on Friday.
  • XRP’s correction finds support near critical $0.20 handle. 

After registering decisive gains on Friday, major cryptocurrencies are staging a technical correction on Saturday. Reflecting this sentiment, the total market capitalization of all cryptocurrencies fell to $215 billion on Saturday from $220 billion recorded earlier this week.

Top-three coins price overview

Bitcoin (BTC/USD) broke above $8000 on Friday and closed at $8200 before going into a consolidation phase. As of writing, the pair was down 1.35% on the day at $8100. As long as the corrective slide finds support at $8000 (Fibonacci 50% retracement of October 26 – December 17 drop/100-day moving average), the pair could regain bullish momentum. On the upside, $8400-8500 area could be the first target ahead of $8900-9000 area (Fibonacci 61.8% retracement of October 26 – December…

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