RATE Group | The cryptocurrency market stuck in a range, still vulnerable to losses
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The cryptocurrency market stuck in a range, still vulnerable to losses

18 Nov The cryptocurrency market stuck in a range, still vulnerable to losses

Posted at 05:38h in Cryptocurrency News by

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  • Bitcoin (BTC) has returned to the area under $8,500.
  • Altcoins are mostly range-bound with bearish bias during early Asian hours.

The cryptocurrency market is a mixed picture during early Asian hours on Monday. Bitcoin and major altcoins are mostly range-bound with bearish bias, staying close to the levels reached in the end for the previous week. The total cryptocurrency market capitalization is $234 billion, unchanged from this time on Sunday; an average daily trading volume increased to $64 billion. Bitcoin’s market share settled at 65.9%.

Top-3 coins price overview 

BTC/USD attempted a recovery above $8,500, but the upside momentum proved to be short-lived as the coin dropped back to $8,467 by the time of writing. BTC/USD has barely changed both on a day-to-day basis and since the beginning of Monday. The initial intraday support is created by the lower line of 1-hour Bollinger Band at $8,450, follows bt the Asian low of $8,416.

BTC/USD, 1-hour chart

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