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Bitcoin Tests Support, Ethereum Uptrend Intact, OMG Crashes from High
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After trading lower through much of the day yesterday, bitcoin rose during the Asian trading session today, before bears later took control and sent the coin down from a peak of USD 62,595 to support around USD 61,200. A further move below that support zone could trigger more selling.
Ethereum followed a similar trading pattern, with gains during Asian trading and lower prices during the European hours. As of 15:20 UTC, ETH is sitting at around USD 4,530.
Total market capitalization:
Bitcoin’s price moves today follow three-day period of largely lower prices for the number one cryptocurrency, after reaching a local peak of USD 64,270 on November 2. Since then, the asset is down by roughly 5%, trading at USD 61,790 as of 15:20 UTC.
If bitcoin
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