Bitcoin, Ether, and XRP Weekly Market Update August 26, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap lost $3.3 billion of its value during the last seven days and now stands at $269.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Ripple (XRP) being the worst performers with 6.4 and 3.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $10,306 while ether (ETH) stands at $189. Ripple’s XRP dropped to $0.270.
Bitcoin moved upward to $10,324 on Sunday, August 18 and closed the week 10.4 percent lower.
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.
On Thursday, August 22, the coin remained relatively flat and even though it was temporarily trading below the $10k mark yet bulls managed to hold it.
The green candle, that was formed on August 23,