Bitcoin and Ethereum Market Update: November 7, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Total crypto market cap added $5.4 billion to its value since Monday, November 4 and now stands at $251.8 billion. Top ten coins remained mostly flat for the last 24 hours but we saw Stellar (XLM) and EOS (EOS) loosing 7.1 and 2.5 percent of their values respectively. At the time of writing bitcoin (BTC) is trading at $9,288 on the Bitstamp daily chart, while ether (ETH) stands at $188 and Ripple’s XRP moved up to $0.299.
Bitcoin made another step down on Sunday, November 3, and closed the day and week at $9,204, with 3.4 percent loss for the 7-day period.
The most popular cryptocurrency opened trading on Monday with a 2.3 percent increase and a green candle to $9,423. It peaked at $9,597 during intraday and successfully broke above the 38.20% Fibonacci level.
Bulls, however, were not able to hold their territory and retreated to $9,311 on the next day; we saw the BTC/USD pair trading as low as $9,174 during the session.
On Wednesday, November 6, bitcoin was trading lower around noon but managed to recover in the evening closing with at $9,347.