RATE Group | The cryptocurrency market  heads to the South as Bitcoin settles below $8,000
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The cryptocurrency market  heads to the South as Bitcoin settles below $8,000

07 Oct The cryptocurrency market  heads to the South as Bitcoin settles below $8,000

Posted at 03:09h in Cryptocurrency News by

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  • Bitcoin has settled below $8,000, the short-term trend gains traction.
  • Altcoins follow the lead, move to the red zone.

The cryptocurrency market resumed the decline after a short-lived recovery attempt. Bitcoin slipped below $8,000 and dragged down most of the altcoins. The market capitalization of all digital assets in circulation dropped to $215 billion from $216 billion on Saturday, while an average daily trading volume edged up to $43 billion from $42 billion the day before. Bitcoin’s market share dropped to 67.0%. 

Top-3 coins  price overview 

BTC/USD has lost over 3% of its value since the beginning of Sunday. The first digital coin broke below $8,000 for the first time since September 30. BTC/USD touched the intraday low at $7,890 with the downside momentum seems to be gaining traction. The next critical support is located at $7,700, which is the lowest level of the previous week. 
 
Ethereum, the second-largest digital asset with the current…

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