After a week of massive gains for multiple altcoins, the market surge has now cooled off and many are trading down over 2%. Just as the market surge was led primarily by Ripple (XRP) and Bitcoin Cash (BCH), they have also been the worst affected by today’s drop.
At the time of writing, Bitcoin is trading just below $6,500 at its current price of $6,460. Although it fell slightly (just over 1%) from yesterday’s levels, it is still firmly in the middle of its long-established trading range between $6,200 and $6,700.
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