First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Edges Toward K; Altcoins Recover From 7-Day Lows
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin edged toward $58,000 as altcoins and other layer 1 tokens recovered from seven-day lows.Technician’s take: Momentum is improving as oversold readings appear on the chart.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $57,550 +1.82%Ether (ETH): $4,346 +5.93%Market movesBitcoin struggled to move above $58,000 during U.S. trading hours on Tuesday, while alternative cryptocurrencies (altcoins), including ether and other layer 1 tokens recovered to above their seven-day lows.As a result, the bitcoin dominance chart, which shows the extent of the crypto’s dominance over the…