RATE Group | The cryptocurrency market update: Bitcoin settles above $9,300
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The cryptocurrency market update: Bitcoin settles above $9,300

The cryptocurrency market update: Bitcoin settles above $9,300

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  • Bitcoin (BTC) has settled above $9,300 amid decreasing volatility.
  • Altcoins are mostly range-bound during early Asian hours.

The cryptocurrency market is a mixed picture on Wednesday as Bitcoin and all major altcoins are oscillating in narrow ranges during early Asian hours. The total cryptocurrency market capitalization settled at $251 billion; an average daily trading volume is registered at $89 billion; Bitcoin’s market share has reached 66.8%.

Read also: Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – American Wrap – 05 November

Top-3 coins price overview 

BTC/USD hit at $9,580 high on November 4 and has been retreating ever since. At the time of writing, the first digital coin is changing hands at $9,322, down 1.0% on a day-to-day basis and unchanged since the beginning of the day. SMA100 (Simple Moving Average) daily located on the approach to $9,600 caps the recovery. Once it is out of the way, the upside is likely to gain traction…

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