RATE Group | The cryptocurrency market nurses losses; Bitcoin and major altcoins dip below support le…
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The cryptocurrency market nurses losses; Bitcoin and major altcoins dip below support le…

14 Nov The cryptocurrency market nurses losses; Bitcoin and major altcoins dip below support le…

Posted at 05:35h in Cryptocurrency News by

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  • Bitcoin (BTC) has dropped below $8,700 during early Asian hours.
  • Altcoins follow the lead, nursing losses.

Cryptocurrency market is flashing red colors on Thursday. Bitcoin and all major altcoins are nursing losses amid growing bearish sentiments. The total cryptocurrency market capitalization is registered at $239 billion, unchanged from this time on Wednesday; the worth of the digital asset of $63 billion change hands daily on average. Bitcoin’s market share settled at 66.0%.

Top-3 coins price overview 

BTC/USD has stayed mostly unchanged on a day-to-day basis and lost over 1% of its value since the beginning of Thursday. At the time of writing, the coin is changing hands at $8,660, off the intraday high registered at $8,785. On the intraday charts, the sell-off gained traction after the price broke below  SMA50 (Simple Moving Average) 1-hour at $8,740. The next strong support comes at $8,600 ( the lower line of the daily Bollinger Band), followed by…

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