RATE Group | The cryptocurrency market  in retreat; Bitcoin and major altcoins nursing minor losses
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The cryptocurrency market  in retreat; Bitcoin and major altcoins nursing minor losses

09 Oct The cryptocurrency market  in retreat; Bitcoin and major altcoins nursing minor losses

Posted at 06:25h in Cryptocurrency News by

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  • Bitcoin hovers around $8,150 amid market indecision.
  • Altcoins are still mostly bearish with minor losses.

The cryptocurrency market continues oscillating without a clear direction after a strong recovery at the beginning of the week. Bitcoin and all most of the major altcoins are nursing minor losses within the recent ranges. The market capitalization of all digital assets in circulation decreased to $221 billion from $223 billion on Tuesday, while an average daily trading volume dropped to $53 billion from over $60 billion the day before. Bitcoin’s market dominance slipped to 66.4% 

Top-3 coins price overview 

BTC/USD has been hovering around the short-term pivot $8,150, mostly unchanged both on a day-on-day basis and since the beginning of Wednesday. As the recovery stalled at $8,300, BTC is now vulnerable to further losses. Meanwhile, the coin needs to stay above $8,000 to enhance the chance for another try at $8,300 and, possibly, $8,550.
 
Ethereum,…

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