Bitcoin and Ether Market Update: October 17, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap lost $6.2 billion of its value since Monday, October 14 and now stands at $217.3 billion. Top ten coins are all in red for the last 24 hours with Bitcoin SV (BSV) and Litecoin (LTC) being the worst performers with 7.1 and 5.3 percent of loses respectively. At the time of writing bitcoin (BTC) is trading at $7,984 on the Bitstamp daily chart, while ether (ETH) stands at $173 and Ripple’s XRP climbed up to $0.281.
Bitcoin was trading in the wide range between $8,480 -$8,137 on Sunday, October 13 and registered a small loss to $8,277, still closing the week with a 5 percent increase.
The most popular cryptocurrency opened the new seven-day period on Monday, October 14 with another attempt at $8,300. It moved up to $8,364 and once again closed above the mentioned level.
As mentioned in our previous analysis, it is of critical importance for bulls to defend $8,300 and consolidate there.
On Tuesday, October 15,