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Bitcoin Price Struggles to Break Above $12,000, Ethereum, Ripple’s XRP, Litecoin in the Red

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Thu, 08/08/2019 - 06:51
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  • Top altcoins continue to bleed while the crypto king rules the roost

Cover image via U.Today

After several fakeouts, the Bitcoin price is hovering below the psychologically important  $12,000 mark as the bulls are struggling to make a decisive move.

On a positive note, Bitcoin remains in the green with a minor 1.63 percent uptick over the last 24 hours. At the time of writing, BTC is sitting at $11,858, according to Coin360 data.

Bitcoin beats the market
Image by coin360

Must Read
Bull Run Vibes: Bitcoin Price Skyrockets Above $12,000 - READ MORE

Here’s more good news for Bitcoin enthusiasts — BTC dominance has now reached a new yearly peak of 68.9 percent, its highest level since March 2019.

However, according to trading expert ‘Crypto Dog,’ a new alt season might be just around the corner.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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