Bitcoin (BTC) has settled below critical $8,000 during early Wednesday hours. Altcoins are deep in red, nursing losses from 1% to 8%. The cryptocurrency market is in retreat again. Bitcoin slipped back below $8,000 handle amid growing pessimism on the market; the majority of top-20 altcoins followed the lead. At the time of writing, the total cryptocurrency market capitalization is registered at $217 billion, down from $223 billion the day before; an average daily trading volume is hovering at $59 billion, mostly unchanged from this time on Tuesday; Bitcoin’s market share increased to 66.5% from 66.3% the day before. Read also: Bitcoin market update: Bears thrust BTC/USD below $8,000 Top-3 coins price overview BTC/USD resumed the decline during late Tuesday hours at settled below $8,000 by press time. The first digital coin hit the intraday low of $7,926 and reeocvered to $7,965 by the time of writing. The coin is moving with short-term upside bias; however, we will need to see a sustainable move above $8,000 for the recovery to gain traction. Ethereum, the second-largest digital asset with the current market capitalization of $18.1 billion, has lost over 4% ov its value on a day-to-day basis to trade at $167.00 at the time of writing. Looking technically, ETH/USD has recovered from the intraday low of $164.34, though it is still well below pivotal $170.00. Ripple’s XRP slipped below $0.2900 amid global sell-off on the cryptocurrency market. Now the third largest digital asset with the current market value of $12.4 billion is changing hands at $0.2877, down 3.5% on a day-to-day basis. XRP/USD touched $0.3033 on Tuesday, but failed to gain thee upside momentum above the critical handle. 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 China’s CommerceMin: Will introduce policies and measures to promote the high-quality development of trade – Caixin FX Street 3 years Bitcoin (BTC) has settled below critical $8,000 during early Wednesday hours. Altcoins are deep in red, nursing losses from 1% to 8%. The cryptocurrency market is in retreat again. Bitcoin slipped back below $8,000 handle amid growing pessimism on the market; the majority of top-20 altcoins followed the lead. At the time of writing, the total cryptocurrency market capitalization is registered at $217 billion, down from $223 billion the day before; an average daily trading volume is hovering at $59 billion, mostly unchanged from this time on Tuesday; Bitcoin's market share increased to 66.5% from 66.3% the day before. Read… 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.
