RATE Group | The cryptocurrency market  at the crossroads amid growing indecision
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The cryptocurrency market  at the crossroads amid growing indecision

14 Oct The cryptocurrency market  at the crossroads amid growing indecision

Posted at 12:28h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled settle at $8,300 as the upside momentum is losing traction.
  • Altcoins are range-bound with bearish bias during early Monday hours. 

The cryptocurrency market has been range-bound since the weekend as traders and investors cannot decide what to do next. Bitcoin spiked above SMA200 (Simple Moving Average) daily on October 11, but failed to hold the ground. However, the downside momentum is also limited at this stage. This situation makes the market vulnerable to large swings, once the price of the first digital coin breaks free from the range.

The market capitalization of all digital assets in circulation settled at $225, while an average daily trading volume slipped to $49. Bitcoin’s market settled at 66.5% 

Top-3 coins price overview 

BTC/USD is trading close to $8,300 handle unchanged in recent 24 hours. A sustainable move above $8,700 might improve the short-term technical picture and open up the way…

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