Crypto Markets Showing Mild Signs of Recovery, BTC Stalls At $7,200
Joeri Cant's original article for cointelegraph.com reduced by 70%
Monday, Nov. 25 - Cryptocurrency markets are showing mild signs of recovery, while Bitcoin is fighting to stay above the $7,100 price mark. Bitcoin started the day just above the $7,100 price mark, at which point the world's largest crypto coin bounced off a local low of $6,560, before moving up again to its current trading price near $7,150.
After a tumultuous 24 hours, BTC is showing a minor gain of just under 1% on the day. Bitcoin could spend months trading at $5,500Commodities trader and technician Peter Brandt recently revealed his belief that BTC could spend months trading at $5,500 before it recovers. Ether is showing a mild gain of around 0.7% on the day.
XRP, the third-largest coin by market capitalization, continues to lose ground and currently sits at $0.220 per coin, showing a loss of more than 3% at press time. Mixed signals among the top 20Many of the top 20 coins are showing mild signs of recovery, with Cosmos taking the lead, up more than 4% on the day.
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CN [too long; didn’t read]
Summarised crypto news.