Bitcoin and Ether Market Update: August 08, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap added $17.7 billion to its value since Monday, August 5 and now stands at $308.9 billion. Top ten coins are mostly flat for the last 24 hours with Binance Coin (BNB) and Monero (XMR) being the best performers with 9.1 and 4.2 percent of increase respectively. At the time of writing bitcoin (BTC) is trading at $11,895 on the Bitstamp daily chart, while ether (ETH) stands at $225 and Ripple’s XRP fell to $0.307.
Bitcoin regained its position above $11,000 on Sunday, August 4 and for the first time since July 14 closed above this mark. It ended the week 21 percent higher compared to the previous seven-day period.
The BTC/USD pair opened the trading session on Monday, August 5, with a solid green candle on the daily chart. The move to $11,840 resulted in a 7.6 percent of price increase.
Bulls were already eyeing the crucial levels around $12,000 and on August 6 managed to push the coin all the way up to $12,340. Although they were rejected hard at that level and allowed a drop to $11,450 at close, the good performance of the most popular cryptocurrency in the recent days suggested we might be witnessing the beginning of a new mid-term bull trend.
Additionally, most of the crypto experts agree that the escalation of the trade war between China and the United States,