Bitcoin, Ether, and XRP Weekly Market Update November 18, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap lost $5.7 billion of its value during the last seven days which now at time of writing stands at $234.5 billion. The top 10 currencies are all in the red for the same time frame with Bitcoin Cash (BCH) and Stellar (XLM) being the worst performers, each losing 10 and 9.8 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,468 while ether (ETH) stands around $183. Ripple’s XRP is trading at $0.259.
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 the following Monday 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 earlier this month and a week later we were already looking at the 50% Fibonacci ($8,465) as the next support zone. On Tuesday, November 12, the coin was seen as low as $8,555 during intraday but managed to close with a slight increase to $8,809.
Bulls returned to losing ways on the mid-week session on November 13 when BTC dropped further to $8,749.