First Mover Asia: Bitcoin, Altcoins Rise and Then Sink

Posted on by American Coins & Gold

First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Good morning. Here’s what’s happening:Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop.Technician’s take: Oversold conditions are attracting short-term bitcoin buyers.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $40,882 -2.2%Ether (ETH): $3,024 -2.8%Top gainers Asset Ticker Returns Sector Cosmos ATOM +4.7% Smart Contract Platform `Top losers Asset Ticker Returns Sector Ethereum Classic ETC −6.5% Smart Contract Platform Filecoin FIL −4.8% Computing Stellar XLM −3.7% Smart Contract Platform `Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices…