Bitcoin and Ether Market Update: November 14, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap lost $6.8 billion to its value since Monday, November 11 and now stands at $239.6 billion. Top ten coins are mostly in red for the last 24 hours with Bitcoin Cash (BCH) and Bitcoin SV (BSV) loosing 3 and 3.8 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,675 on the Bitstamp daily chart, while ether (ETH) stands at $185 and Ripple’s XRP moved down to $0.269.
Bitcoin climbed above the $9,000 mark on Sunday, November 10 and ended the session at $9,029 with a 2.5 percent increase for the day. Still, it was 1.9 percent down on a weekly basis.
The most popular cryptocurrency opened trading on Monday, November 11 with a huge red candle on the daily chart after bulls were once again rejected around the above-mentioned critical level. The BTC/USD pair erased 3.5 percent of its value and stopped at $8,718.
It entered a downtrend on November 4 and we were already looking at the 50% Fibonacci ($8,465) as the next support zone.
On Tuesday, November 12, the coin was trading as low as $8,555 during intraday but managed to close with a slight increase to $8,809.
Bulls returned to losing ways in the mid-week session on November 13 when BTC dropped further to $8,749.