Crypto Markets Showing Signs of Recovery, While BTC Stalls Above $8500

Published on by Cointele | Published on

Sunday, Nov. 17 - Crypto markets are showing mild signs of recovery, while Bitcoin stumbles above the $8,500 price mark.

For the better part of the day, the world's largest cryptocurrency has been trading within a tight range between $8,500 and $8,600, while slowly finding its way towards the $8,700 price mark in recent hours.

Bitcoin is currently trading at a price of $8,515, showing limited gains of.32% on the day.

Slow bleed to $8,200 possible?On Friday, Bitcoin attempted to break the $9,000 price level, but was swiftly rejected and brought back to lower levels below $8,600, where it remained throughout the entire weekend.

The number one altcoin continues to trade in perfect sync with BTC, showing upward price behavior leading to its current trading position, up.73% on the day.

XRP, the third-largest coin by market capitalization, has consistently lost ground in the past few days.

It is joining the trend of minor recovery with gains of.45% at press time.

Top 20 is showing mostly green candlesticksMost of the top 20 coins are showing green candlesticks, with Maker taking the absolute lead, showing a gain of more than 7% on the day.

Cardano follows in second place, growing more than 4% on the day to trade at $0.046 per coin.

Most of the other top 20 coins are showing moderate gains up to 2% on the day, with the exception of Chainlink, which is down almost 3%.The overall cryptocurrency market cap currently sits at $237.8 billion, with Bitcoin making up 65.65% of the total.

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