Bitcoin and the rest of the top ten coins resumed the downside movement today. The bitcoin price has lost 3.32% in value over the last 24 hours, and is trading at $3,672.
Bitcoin Cash (BCH), the fourth-largest cryptocurrency, led the downturn losing 10.74% of its value.
The cryptocurrency markets are trading mostly in red today, but there’s no significant price movements.
In early trading, bitcoin’s price was trying to stay above the $3,800 level. There could be additional losses towards the $3,600 level in the near term if bitcoin fails to remain above the $3,800 range.
The cryptocurrency markets’ Christmas rally has come to an end, as traders took profits following a large upsurge on Christmas eve.
In early trading, bitcoin’s price hovers around the $3,700 level after trading as high as $4,271 on December 24. Volume so far has been moderately heavy.
The cryptocurrency markets are showing mixed colors today, but with some showing strong double-digit gains, with others falling.
After rallying above the $4,100 level yesterday, bitcoin lost 1.75% in the last 24 hours, and now is at $3,900 as investors are starting to take back some profits.
The bullish market conditions continue, as bitcoin traded today above the $4,100 level for the first time since December 3. Bitcoin’s market capitalization also hit a two-week high of $71 billion.
The biggest gainer is Bitcoin Cash (BCH), with a whopping 42.58% price increase in the past 24 hours.
The cryptocurrency markets have continued moving in a downward trend. At press time, bitcoin is trading just above $3,300, losing 3.30% over the past 24 hours.
The rest of the crypto markets showed red arrows, with Bitcoin Cash (BCH) and Bitcoin SV (BSV) reaching record lows.
The weekend cryptocurrency rally fizzled in early Monday trading, with the top ten coins slipping down the slippery price slope to start the work week.
In early trading, bitcoin was at $3,500, down slightly more than two percent. Trading volume was moderate, lighter even than the traditionally low weekend.
The crypto markets continued to struggle today, with red arrows the main rule in the top ten coins. In early trading, bitcoin was at the $3,400 level, down more than seven percent over the last 24 hours. Volume was again extremely heavy.
The news wasn’t much better elsewhere.
UPDATE: The crypto markets took a sudden turn upward this afternoon, as the top ten coins all headed into green arrow territory. Bitcoin is now up to $4,600, with the rest of the top ten coins all showing between 3% to 7% gains, all on heavy trading volume.
The cryptocurrency meltdown continued this morning, as the November panic dragged prices down across the board.
Bitcoin was hard hit, dropping nearly 8% and now at $4,700 on huge trading volume. Capitulation seems to be the watchword of the day for many investors,
