RATE Group | The cryptocurrency market  resumed the decline again
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The cryptocurrency market  resumed the decline again

11 Oct The cryptocurrency market  resumed the decline again

Posted at 06:36h in Cryptocurrency News by

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  • Bitcoin (BTC) has dropped under $8,500 and the downside momentum is gaining traction.
  • Altcoins are range-bound with bearish bias ahead of the weekend. 

The cryptocurrency market resumed the decline during early Asian hours after a recovery stalled on approach to key technical levels. Bitcoin and all major altcoins are flashing red lights. 

The market capitalization of all digital assets in circulation settled at $230 slightly below $231 billion registered on Thursday, while an average daily trading volume slipped to $61 billion from $69 billion the day before. Bitcoin’s market settled at 66.8% 

Top-3 coins price overview 

BTC/USD is trading under $8,500 handle down 1.7% since the beginning of Friday. A sustainable move below $8,500 might worsen the short-term technical picture, as the coin needs to move above the resistance area $8,600-$8,650 to proceed with the recovery towards $9,000.
 
Ethereum, the second-largest digital asset with the current…

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