Bitcoin and Ether Market Update: August 22, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap lost $13 billion of its value since Monday, August 19, and now stands at $258.7 billion. Top ten coins are all in red for the last 24 hours with Binance Coin (BNB) and Bitcoin Cash (BCH) being the worst performers with 2.6 and 2.5 percent of losses, respectively. At the time of writing bitcoin (BTC) is trading at $9,952 on the Bitstamp daily chart, while ether (ETH) dropped to $184 and Ripple’s XRP fell to $0.263.
Bitcoin moved north to $10,324 on Sunday, August 18 and lost 10.4 percent of its value for the week.
The coin started the new trading period with a solid green candle on Monday, August 19 and climbed up to $10,942 losing 5.8 percent of its value.
On the next day, August 20, the most popular cryptocurrency made a slight correction to $10,772 as bulls were running out of steam already. It looked like the short-term bull run from the beginning of the month could not be repeated at this point in time.
Wednesday, August 21 came with a huge loss for the BTC/USD pair as it dropped down to $10,133 threatening to break the psychological level at $10,000.
In the early hours of August 22, bitcoin is trading below the above-mentioned line, at $9,984.