The cryptocurrency market moves in sync with the US stocks. Bitcoin’s recovery stalled on approach to $9,400. The cryptocurrency market recovery stalled once again. Bitcoin and all major altcoins moved above the local resistance levels; however, the further upside momentum stopped. If the bullish trend is not resumed any time soon, the chances are that we will get back inside the depressing ranges that dominated during the previous week. Meanwhile, the bulls on the global stock markets also pressed the pause button as major indices dragged lower after a strong rally on Monday. The Shanghai Composite was an exception as the index climbed for the sixth day in a row, amid strong growth of iron ore futures the offshore yuan. The currency briefly pierced the 7 per dollar level for the first time since March. Top-3 coins overview BTC/USD came close to $9,400 during early Asian hours only to retreat to $9,250 by press time. The first digital asset has lost 1.0% since the start of the day and stayed unchanged since this time on Monday; a sustainable move above $9,300 (the highest level of the previous week at $9,288) area is needed for the upside to gain traction. Bitcoin’s market dominance reduced to 63.6%. as major altcoins demonstrate higher gains. BTC/USD daily chart ETH/USD catapulted to $243.83 and fell back to $236.90 by press time. The coin has lost over 2% of its value on Tuesday, moving within a short-term bearish trend amid low volatility. The next critical support is created by $230.00, while the resistance comes at $240.00. ETH/USD daily chart XRP/USD stopped within a whisker of $0.1900 and retreated to $0.1850. The coin is down 2% since the beginning of the day and unchanged on a day-to-day basis. A strong move above $0.1800 helped to improve the technical picture and create a bullish bias; however, now we need to see a sustainable move above $0.1900. The support comes at $0.1800. It is followed by the intraday low of $0.1772. XRP/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Breaking: Gold hits $1,795, highest since 2012 FX Street 3 years The cryptocurrency market moves in sync with the US stocks. Bitcoin's recovery stalled on approach to $9,400. The cryptocurrency market recovery stalled once again. Bitcoin and all major altcoins moved above the local resistance levels; however, the further upside momentum stopped. If the bullish trend is not resumed any time soon, the chances are that we will get back inside the depressing ranges that dominated during the previous week. Meanwhile, the bulls on the global stock markets also pressed the pause button as major indices dragged lower after a strong rally on Monday. The Shanghai Composite was an exception as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
