RATE Group | The cryptocurrency market  failed to develop sustainable recovery, slips back into the r…
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The cryptocurrency market  failed to develop sustainable recovery, slips back into the r…

02 Oct The cryptocurrency market  failed to develop sustainable recovery, slips back into the r…

Posted at 09:30h in Cryptocurrency News by

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  • Bitcoin has settled below $8,300, the short-term trend remains bearish.
  • Altcoins are in a red zone, losing ground after a short-lived recovery.

The cryptocurrency market alternates between green and red days amid growing indecision. While Tuesday saw a strong recovery across the board, Wednesday brought some disappointment and pushed Bitcoin and all major altcoins back into the negative territory.

The market capitalization of all digital assets in circulation decreased to $220 billion from $224 billion on Tuesday, while an average daily trading volume dropped to to $53 billion from $63 billion the day before. Bitcoin’s market share edged to 67.8%. 

Top-3 coins  price overview 

BTC/USD has lost 1.6% on a day-on-day basis and stayed unchanged since the beginning of the day amid growing bearish sentiments. The first digital coin staged a strong recovery above critical $8,000 on September 30, though the further upside seems to be limited at this stage. At…

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