Bitcoin, Ether, and XRP Weekly Market Update February 24, 2020 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap added $0.7 billion to its value for the last seven days and now stands at $283 billion. The top 10 currencies are all in red for the same time frame with Bitcoin Cash (BCH) and XRP (XRP) leading the pack with 7.6 and 7.3 percent of losses respectively. By the time of writing bitcoin (BTC) is trading at $9,691 while ether (ETH) moved up to $265. Ripple’s XRP is trading at $0.272.
Bitcoin remained flat around $9,900 on Sunday, February 16 and closed the week with a 2.8 percent loss.
On Monday, the BTC/USD pair continued to slide and was trading in the sub-$9,600s area during intraday. It dropped as low as $9,465, but bears were not able to push for a daily close below the first-mentioned mark and ended the session at $9,686.
The most popular cryptocurrency perfectly rebounded from the Fibb 23.60 level at $9,535 on Tuesday, February 18 and preserved the uptrend by climbing up to $10,192. Buyers once again found themselves above the psychological level of $10k, but the middle line of the corridor already turned into a resistance line.
The third day of the workweek saw bitcoin nosediving to $9,588.