RATE Group | The cryptocurrency market calms down after major turbulence
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The cryptocurrency market calms down after major turbulence

27 Oct The cryptocurrency market calms down after major turbulence

Posted at 13:50h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled above $9,000 on Sunday
  • Altcoins are directionless, most of the coins are moving in tight ranges with a bearish bias.

The cryptocurrency market has been range-bound after a strong growth on Friday and Saturday. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Sunday; the majority of altcoins are directionless except for NEO that has been growing strongly. At the time of writing, the total cryptocurrency market capitalization is $246 billion from $243 billion the day before; an average daily trading volume dropped to $99 billion from $145 this time on Saturday; Bitcoin’s market share stayed at 68.4%.

Top-3 coins price overview 

BTC/USD has retreated from the intraday high of $9,658 to trade at $9,270 at the time of writing. The first digital asset has gained 1.1% on a day-to-day basis and stayed unchanged since the beginning of the day. The price is supported by $9,000. Once it is out if the…

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