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BTC Recovers After Dumping Below $10,000

News • 2020/09/08 • by Remitano

BTC decreased again below the $10,000, but quickly recovered and increased above the $10,000 mark. Due to the high similarity, many people are waiting to see how the opening of wall street market will affect the value of BTC.

Twenty-four hours ago, BTC was trying to stay above the $10,000 mark. Not quite long, the cryptocurrency retraced to $9,880 and almost went down to $9,600. But, rather than decrease further, Bitcoin took a positive turn. It reached a daily high of about $10,400 and later retraced to $10,280.

Altcoins also showed a correlation with the bitcoin price trend. ETH dipped to $325 and has surged back to $350. The price of XRP was also reduced to $0.23.

The whole trade volume decreased by about $15 billion following the slump in market prices. However, it is now around an estimated value of $330 billion.

Source: Cryptopotato

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