RATE Group | Major cryptos stay quiet on Saturday
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Major cryptos stay quiet on Saturday

12 Oct Major cryptos stay quiet on Saturday

Posted at 23:23h in Cryptocurrency News by

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  • Bitcoin stays above $8,000 despite Friday’s heavy sell-off.
  • Ethereum edges lower toward $180 after getting rejected near $200 earlier this week.
  • Ripple remains on track to close the second straight week higher.

Major cryptocurrencies edged lower on Thursday and Friday and now seem to be staying in a consolidation phase amid a lack of significant drivers. Earlier in the week, the US Securities and Exchange Commission (SEC) announced its decision to reject the latest application for a Bitcoin ETF by Bitwise and weighed on the cryptocurrency market’s sentiment. 

Top-3 coins price overview

Bitcoin (BTC/USD) rose to its highest level since the sharp drop witnessed on September 24th at $8,820 but failed to preserve its momentum and erased more than $500 from its highs before closing the day at $8,265. As of writing, the BTC/USD pair was trading at $8,310, adding 0.5% on a daily basis. Friday’s action also showed that for the third straight day, the pair tested…

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