RATE Group | The Cryptocurrency market is bloody red, Bitcoin recovery attempts face stiff resistance
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The Cryptocurrency market is bloody red, Bitcoin recovery attempts face stiff resistance

23 Mar The Cryptocurrency market is bloody red, Bitcoin recovery attempts face stiff resistance

Posted at 11:02h in Cryptocurrency News by

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Here’s what you need to know on 

Markets:

BTC/USD has been hovering around $6,900, having lost over 6 % since this time on Sunday. BTC hit the intraday high at $5,683, but managed to regain the ground. Now it is moving within a short-term bullish trend amid shrinking volatility.

ETH/USD has settled at $124.50, off the Asian low of $119.36. The coin has dropped by nearly 8% on a day-to-day basis, oscillating in sync with the market. Now ETH/USD is moving within a bullish trend amid expanding volatility.

XRP/USD has settled at $0.1500, off the intraday low of $0.1449. The coin has lost 4.75% on a day-to-day basis, now it is trading within a bullish bias.

Among the 100 most important cryptocurrencies only major stable coins are marginally in green, while other cryptocurrencies are nursing losses. The day’s losers are Hedera Hashgraph (HBAR) $0.0312 (-15.7%), WAX (WAXP) $0.0305 (-14%) and Blockstack (STX) $0.0807 (-13%).

Chart of the day:

BTC/USD, 30-min…

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