Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300
Joeri Cant's original article for cointelegraph.com reduced by 78%
Friday, Nov. 22 - Cryptocurrency prices are bleeding heavily, with some of the top-20 coins showing losses of close to 10% on the day. Bitcoin started the day just above the $7,600 price mark, when it suddenly started on another sell-off towards the $7,000 price level.
The coin bounced off a local low of $6,800 in recent hours, before moving up to its current trading price at $7,300, showing a loss of close to 4% on the day. BTC could be testing below the $7,000 price markPopular crypto analyst and regular Cointelegraph contributor Filb Filb recently said that after looking at the daily chart, "It is clear that Bitcoin has hit the bottom of the downward channel in which it has been trading since July.". Filb Filb pointed out that the price point of $7,600 will be a key level for the bulls to reclaim, which might turn out to be a challenge, especially in the short term.
The number one altcoin bounced of its daily low at $141, showing double-digit losses of more than 10% on the day, before moving up to its current trading price of $154 per coin. XRP, the third-largest coin by market capitalization, has continued to lose ground and currently sits at $0.232 per coin, showing a loss of more than 3% at press time.
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CN [too long; didn’t read]
Summarised crypto news.