After a strong decline, bitcoin price started a decent recovery wave above USD 8,550 ahead of the mining reward halving. BTC/USD even recovered above the USD 8,850 level, but it failed to surpass USD 9,000. As a result, there was a fresh decline and the price is now (08:30 UTC) consolidating in a range above USD 8,550.
However, most major altcoins remained in a bearish zone and struggled to