Sunday, November 17 – Cryptocurrencies show mild signs of recovery as Bitcoin (BTC) stumbles above the $ 8,500 mark.
Daily Cryptocurrency Market Overview. Source: Coin360
For the better part of the day, the world's largest cryptocurrency traded in the narrow range between $ 8,500 and $ 8,600, while slowly finding its way to the $ 8,700 mark in recent hours. Bitcoin is currently trading at $ 8,515, showing limited gains of 0.32% per day.
Daily Bitcoin Price Chart. Source: Coin360
Slowly bleed to $ 8,200?
On Friday, Bitcoin attempted to break the $ 9,000 price level, but was quickly rejected and returned below the $ 8,600 level, where it remained for the whole weekend.
Cointelegraph contributor Michael van de Popey remains positive about the return of the overall bullish sentiment, but would like to "see just over $ 8,800 to confirm a slight trend reversal" (as a scenario), adding:
"If not, this slow bleeding could accelerate to $ 8,200 as a next level. Feeling; fear. Obviously ".
Meanwhile, Ether (ETF) sits near $ 183 per coin. Alcohol number one continues to trade in perfect sync with BTK, showing upward price behavior, leading to its current trading position of 0.73% per day.
7-day chart prices. Source: Coin360
XRP, the third largest coin by market capitalization, has been losing ground in recent days. However, it is joining the trend of a slight recovery with gains of 0.45% during the press. XRP currently costs $ 0.261 per coin.
XRP 7-day price chart. Source: Coin360
The top 20 shows mostly green candlesticks
Most of the top 20 coins show green candlesticks, with Maker (MKR) taking the absolute lead, showing profits of more than 7% per day. In second place is cardio (ADA), growing more than 4% a day to trade $ 0.046 a coin.
Most of the other top 20 coins show moderate earnings of up to 2% per day, with the exception of Heinlink (LINK), a decrease of almost 3%.
The total cryptocurrency market cap currently costs $ 237.8 billion, with Bitcoin making up 65.65% of the total.