RATE Group | The cryptocurrency market reversed from overbought levels; Bitcoin (BTC) retreats to $9,…
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The cryptocurrency market reversed from overbought levels; Bitcoin (BTC) retreats to $9,…

26 Oct The cryptocurrency market reversed from overbought levels; Bitcoin (BTC) retreats to $9,…

Posted at 17:09h in Cryptocurrency News by

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  • Bitcoin (BTC) has settled above critical $9,000 during early Saturday hours.
  • Altcoins are switched into a red mode, losing from 1% to 3% since the beginning of the day.

The cryptocurrency market has started a correction after a head-spinning growth on Friday and during early hours on Saturday. Bitcoin is still in a green zone; however, the majority of altcoins are trading lower than at the beginning of Saturday.  At the time of writing, the total cryptocurrency market capitalization is $243 billion from $205 billion the day before; an average daily  trading volume catapulted to $148 billion from $57 this time on Friday; Bitcoin’s market share jumped to 68.6%.

Top-3 coins price overview 

BTC/USD topped at $10,484 during early Asian hours. However. a strong layer of stop orders located on approach to $10,500 slowed down the bull’s run and triggered the correction from an overbought level. At the time of writing, the first digital coin is changing hands at…

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