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Crypto: Tactical Retreat from the Peak
The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are losing just over 1% each, while most altcoins are losing significantly more, ranging from 2.5% (BNB, Solana) to 3.5% (Dogecoin, Toncoin). The positive exception is XRP, which has maintained its 1.2% gain, although it has retreated 4% from its late-afternoon peak on Monday. Bitcoin remains within a broad downward range for now, pressured by news of a new series of BTC ... (full story)
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- Posted: Jul 23, 2024 9:50am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 157
