Bitcoin (BTC) has settled marginally above critical $7,400 during early Thursday hours. Altcoins are deep in red, nursing losses from 2% to 8%. The cryptocurrency market is deep in red with bitcoin (BTC) and all major altcoins nursing losses from 2% to 8%. While the sell-off has slowed down, the market is still dominated by bearish sentiments. At the time of writing, the total cryptocurrency market capitalization is registered at $202 billion, down from $217 billion the day before; an average daily trading volume catapulted to $81 billion from $59 this time on Wednesday; Bitcoin’s market share dropped to 65.9%. Top-3 coins price overview BTC/USD has been consolidating losses from a sharp-sell-off on Wednesday taht took the price of the first digital coin to $7,400. A sustainable breakthrough below the support of $7,800 strengthened by SMA200 (Simple Moving Average) on a weekly chart, worsened the short-term technical picture. The nearest support now comes at $7,400. Once it is out if the way the sell-off may continue towards $7,000. Ethereum, the second-largest digital asset with the current market capitalization of $17.5 billion, has lost over 3% of its value on a day-to-day basis to trade at $161.60 at the time of writing. Looking technically, ETH/USD has recovered from the intraday low of $158.90, though it is still moving within a short-term downside trend with expanding volatility. Ripple’s XRP slipped below $0.2700 during early Asian hours amid global sell-off on the cryptocurrency market. While the coin managed to recover to $0.2715 by press time, it is still over 5% lower from this time on Wednesday. Ripple is the third largest digital asset with the current market value of $11.7 billion with an average daily trading volume of $2.1 billion. 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 Dash market overview: DASH/USD creeps into the oversold zone FX Street 3 years Bitcoin (BTC) has settled marginally above critical $7,400 during early Thursday hours. Altcoins are deep in red, nursing losses from 2% to 8%. The cryptocurrency market is deep in red with bitcoin (BTC) and all major altcoins nursing losses from 2% to 8%. While the sell-off has slowed down, the market is still dominated by bearish sentiments. At the time of writing, the total cryptocurrency market capitalization is registered at $202 billion, down from $217 billion the day before; an average daily trading volume catapulted to $81 billion from $59 this time on Wednesday; Bitcoin's market share dropped to 65.9%.… 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.
