Bitcoin (BTC) has settled settle at $8,300 as the upside momentum is losing traction. Altcoins are range-bound with bearish bias during early Monday hours. The cryptocurrency market has been range-bound since the weekend as traders and investors cannot decide what to do next. Bitcoin spiked above SMA200 (Simple Moving Average) daily on October 11, but failed to hold the ground. However, the downside momentum is also limited at this stage. This situation makes the market vulnerable to large swings, once the price of the first digital coin breaks free from the range. The market capitalization of all digital assets in circulation settled at $225, while an average daily trading volume slipped to $49. Bitcoin’s market settled at 66.5% Top-3 coins price overview BTC/USD is trading close to $8,300 handle unchanged in recent 24 hours. A sustainable move above $8,700 might improve the short-term technical picture and open up the way towards $9,000. Ethereum, the second-largest digital asset with the current market capitalization of $19.8 billion, retreated from the recent highs above $197.00 and slipped below critical $190.00. The coin is hovering at $183.50 at the time of writing, mostly unchanged both on a day-on-day basis and since the beginning of Monday. Ripple’s XRP reached an intraday high at $0.2935; however, the upside momentum seems to be fading away. At the time of writing, XRP/USD is changing hands at $0.2900, vulnerable to further downside correction after a strong growth during early Asian hours. 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 BoE’s Cunliffe: Any future rate increases to be limited and gradual FX Street 4 years Bitcoin (BTC) has settled settle at $8,300 as the upside momentum is losing traction. Altcoins are range-bound with bearish bias during early Monday hours. The cryptocurrency market has been range-bound since the weekend as traders and investors cannot decide what to do next. Bitcoin spiked above SMA200 (Simple Moving Average) daily on October 11, but failed to hold the ground. However, the downside momentum is also limited at this stage. This situation makes the market vulnerable to large swings, once the price of the first digital coin breaks free from the range. The market capitalization of all digital assets… 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.
