Bitcoin (BTC) remains neutral-to-bullish, edging lower near $77,000 support on Wednesday. The largestcryptocurrencyby market capitalization has been unable to sustain a recovery after being rejected around $81,500 last Friday. Meanwhile, its downside appears broadly protected due to an established moving average cluster.
Bitcoin is hovering around $76,500 on Wednesday as the global bond selloff continues, putting the cryptocurrency’s August rally to the test.
Ripple(XRP) continues to trim gains on Wednesday, trading around $1.32 at the time of writing. The remittance token came under pressure after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need to moderate in search of fresh liquidity.
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