The cryptocurrency market has settled down after a sharp sell-off on Thursday. Bitcoin and all major altcoins are nursing losses on a day-to-day basis with ta notable exception of Tezos (XTZ). The coin has gained over 5%, building on the recovery of the week. The total cryptocurrency market capitalization crashed to $208 billion, from $220 billion this time on Thursday; an average daily trading volume is increased to $81 billion. Bitcoin's market share settled at 66.1%.<\/p>\n
BTC\/USD recovered from Thursday low of $7,393 and settled down in a new range limited by $7,700 on the upside and $7,500 on the downside. At the time of writing, BTC\/USD is changing hands at $7,580, down nearly 5% on a day-to-day basis and unchanged since the beginning of the day.<\/p>\n
Ethereum, the second-largest digital asset with the current market capitalization of $17.4 billion, has settled above $160.00 after a sharp sell-off towards $156.22 on Thursday evening. The recovery is capped by the middle line of 1-hour Bollinger Band 1-hour currently at $162.50. Once it is out of the way, the upside is likely to gain traction with the next focus onpsychological $170.00 reinforced by SMA50 (Simple Moving Average) and the upper line of 1-hour Bollinger Band. At the time of writing, ETH\/USD down 8.5% on a day-to-day basis and unchanged since the beginning of the day.<\/p>\n
Ripples XRP returned to $0.2400 on Friday after a short-lived dip to $0.2357. The third-largest digital asset with the current market value of $10.4 billion has lost 3.6% of its value in recent 24 hours, unable to develop a sustainable recovery. The initial barrier is created by $0.2460 (the upper line of 1-hour Bollinger Band) followed by SMA50 1-hour at $0.2470.<\/p>\n<\/p>\n
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The cryptocurrency market update: Bitcoin bears have an upper hand - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The cryptocurrency market has settled down after a sharp sell-off on Thursday. Bitcoin and all major altcoins are nursing losses on a day-to-day basis with ta notable exception of Tezos (XTZ). The coin has gained over 5%, building on the recovery of the week Continue reading