Market Wrap: Bitcoin Near $53K After Major Drop as Ether Tops $2,800 for First Time


Traders and analysts continue to talk up ether and alternative cryptocurrencies as bitcoin struggles to regain the $64,000 record price level attained weeks ago.

Bitcoin (BTC) trading around $52,964 as of 21:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours.
Bitcoin’s 24-hour range: $52,622-$55,851 (CoinDesk 20)
BTC below the 10-hour and the 50-hour moving averages on the hourly chart, a bearish signal for market technicians.

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