Crypto Market Wrap: Koreans Crazy for SOLVE as Consolidation Continues3.2

Crypto markets have remained in consolidation for the past 24 hours. There has been no move to the upside indicating that further losses could be inevitable. Total capitalization remains around $250 billion where it was this time yesterday.

Bitcoin hit its intraday high of a touch over $7,900 a couple of hours ago but recoiled again instantly afterwards. Support lies around $7,600 which has been hit twice over the past 24 hours. With a failure to break $8,000 BTC appears set for further declines.

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