Bitcoin and Ether Market Update: August 15, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap lost $40.7 billion of its value since Monday, August 12 and now stands at $258.2 billion. Top ten coins are all in red for the last 24 hours with most of them registering double-digit loses. EOS (EOS) and Litecoin (LTC) were the worst performers with 15.8 and 14 percent of loses respectively. At the time of writing bitcoin (BTC) is trading at $9,712 on the Bitstamp daily chart, while ether (ETH) dropped to $181 and Ripple’s XRP fell to $0.257.
Bitcoin climbed up to $11,535 on Sunday, August 11 and closed the previous seven-day period with 4.1 percent of the price increase.
After failing to regain $12,000 during the weekend, the BTC/USD pair gave up some of its recent gains and fell back down to $11,392 on the start of the new week. It was trading as low as $11,123 on the Bitstamp daily chart or right at the breakpoint of the uptrend channel we created on our last reports.
On Tuesday, August 13, the most popular cryptocurrency decreased to $10,861 after losing 4.6 percent. The majority of the crypto analysts agreed that a breach below the mid-$10k levels would leave the door open for further loses and a drop below the mentioned psychological level in the short-term.
On August 14, bitcoin formed its third consecutive red candle and lost the stunning 8 percent closing at $10,023.