ZEC Falls Hard as Bitcoin Finds Support and Recovers

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Bitcoin’s price tumbled once again on Monday, losing over seven grand from top to bottom before it finally bounced off to around $87,000.

Most alternative coins also suffered, with ETH slipping to $2,800 and XRP testing the crucial $2.00 support. XMR, ZEC, and CC have plunged hard over the past 24 hours.

BTC Rebounds
The primary cryptocurrency bottomed on November 21 at under $81,000 after losing more than $25,000 in the previous 10 days. Its gradual recovery began that weekend with an increase to $84,000. The business week was more successful as the asset jumped to $88,000 by Wednesday and managed to break through that level in the evening.

The bulls drove it to a weekly high of over $91,000 on Tuesday and another local top of more than $93,000 on Friday. After regaining nearly $13,000 in less than a week, the cryptocurrency faced some pressure and was pushed south. It spent the following 48 hours trading sideways in a narrow range between $91,000 and $93,000.


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