Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500
Joeri Cant's original article for cointelegraph.com reduced by 72%
Wednesday, Nov. 27 - Crypto markets continue to improve, with Bitcoin showing signs of recovery as it finds its way back above the $7,500 price mark. Bitcoin started the day at $7,190, at which point the world's largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.
Bitcoin's next target could be $8,100According to Cointelegraph contributor Horus Hughes, Bitcoin could jump to $7,800, and even up to $8,100, before the coin encounters any significant overhead resistance. Hughes pointed out that Bitcoin had to close above the former support turned resistance at $7,400, for Bitcoin to push its price closer to the $7,800 resistance. Cointelegraph contributor Rakesh Upadhyay said that if the bulls can propel Ether's price above $151.83, the coin will pick up momentum and possibly see trading levels around the $173 price mark.
The coin is looking weak, with one trader going as far as predicting that the coin could hit zero by February 2020.XRP 7-day price chart. Chainlink is the only of the top 20 coins to see a loss today, down 2%.The overall cryptocurrency market cap currently sits around $204.7 billion, with Bitcoin making up 66.6% of the total.
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Summarised crypto news.