Bitcoin Cash Keeps Shining as Wider Crypto Market Turns Red
By CCN.com: Bitcoin Cash posted the most gains out of the top 10 cryptocurrencies. Ethereum lost nearly 2%, XRP and Bitcoin over 1%, and Bitcoin SV continues to threaten an exit from the top 10. Thus is the state of the crypto market on late Wednesday afternoon.
Bitcoin Price Slips Toward $3,500
In yesterday’s market round-up, we reported that Bitcoin had risen almost 1% over the 24-hour period. Over the past day, however, the grandfather crypto has lost that near 1% and dropped by around 1.10%. A daily high of almost $3,670 led to a price at press time of $3,595. Bitcoin may be walking down the steps to its notable bottom of $3,100 or a bit lower.
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Bitcoin traded within a comfortable (for crypto) range of $80 over the day, with a high of almost $3,670 and a press-time price of $3,595.[/caption]
The True Strength Indicator on Bitcoin was as low as -26, a sign that sell pressure is winning today. A sentimental cryptocurrency if there ever was one, negative sentiments expressed around Bitcoin at Davos are probably not helping matters in this bear market. CCN also notes that a “zero” price figure for Bitcoin is virtually impossible.
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