RATE Group | The cryptocurrency market  oscillating in a range, unable to develop a sustainable recov…
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The cryptocurrency market  oscillating in a range, unable to develop a sustainable recov…

03 Oct The cryptocurrency market  oscillating in a range, unable to develop a sustainable recov…

Posted at 06:05h in Cryptocurrency News by

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  • Bitcoin has settled above $8,300, the short-term trend remains bearish.
  • Altcoins are range-bound, mostly in a green zone.

The cryptocurrency market is a mixed picture today with Bitcoin and most of the major altcoins are green, though the upside momentum seems to be limited so far. The market capitalization of all digital assets in circulation settled at $222 billion, mostly unchanged from Wednesday, while an average daily trading volume dropped to $45 billion from $33 billion the day before. Bitcoin’s market share edged to 67.6%. 

Read also: PBOC denies launching its own cryptocurrency

Top-3 coins  price overview 

BTC/USD has gained 1.2% on a day-on-day basis and recovered the losses of the previous day. The first digital coin hit $8,416 during early Asian hours, however, the upside momentum faded away amid low trading activity.  At the time of writing, BTC/USD is changing hands at $8,340 with a short-term bearish bias.
 
Ethereum, the…

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