Bitcoin Price Slips Below $8,600 While Tezos Jumps 11%

Thursday Nov. 14 - Cryptocurrency markets are largely trading sideways, with Tezos being the only top-20 coin showing notables gains of more than 11%.Cryptocurrency market daily overview.

Bitcoin has been showing little price movement over the last few days and recently sipped below the $8,600 price mark.

The world's largest cryptocurrency started the day at an intraday high of $8,800 before slowly moving downwards to its current trading price, showing a loss of 1.75% on the day.

BTC could drop towards the $8,500 regionAccording to Cointelegraph contributor Horus Hughes, Bitcoin's price has pierced the $8,674 support three times over the past 4 days, increasing the chance that BTC might revisit lower lows around $8,480.

Ether has also been trading sideways, currently sitting at around $185. The number one altcoin saw a small dip in sync with BTC to show a slight loss of around 1.74% at publishing time.

The token sits at around $0.270 per coin, down 2.62% on the day at press time.

Most of the top 20 altcoins in redMost of the top-20 coins are showing small losses, with many seeing movement of 1% to 2% in the negative direction.

Tron is taking the biggest beating among the top 20 with a loss of more than 3% on the day.

The biggest gainer of the day is Tezos which is showing an impressive gain of more than 11% in the last 24 hours, followed by Chainlink, which is recording gains of around 2.5% on the day.

The overall cryptocurrency market cap currently sits around $238 billion, with Bitcoin making up 65.8% of the total.