Bitcoin price $82,690 after the drop from $84,808: outperforms the market

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Bitcoin trades at $82,690 on Thursday morning, $18 below yesterday's reading, even though the price had run up to $84,808 overnight. Total market capitalisation lost 2.64 percent over the same period, and Bitcoin dominance rose to 59.53 percent.Here is what is documented: Bitcoin stands at $82,690 on Thursday morning, had run up to $84,808 overnight and fell back as far as $82,567. The total crypto market capitalisation sits at $2.785 trillion, 2.64 percent below the level of 24 hours ago, while Bitcoin itself is practically unchanged on the day at plus 0.03 percent. Our own assessment follows further down: as long as the price does not confirm $84,808 from above, the overnight range is the frame for the day. The rest of the market tells a different story. Of the twenty largest cryptocurrencies by market capitalisation, eleven are down, and the losses hit above all those assets that had risen most in the preceding weeks. Where to place Bitcoin in the longer frame is se...