Bitcoin, Ether, and XRP Weekly Market Update November 4, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap lost $8 billion of its value over the last seven days and now stands at $246.3 billion a time of writing. The top 10 currencies showed mixed results for the same time frame with Bitcoin Cash (BCH) and Stellar (XLM) gaining 9.9 and 6.3 percent respectively while Bitcoin SV (BSV) lost 10.3 percent. By the time of writing bitcoin (BTC) is trading at $9,137 while ether (ETH) dropped to $180. Ripple’s XRP is trading around $0.29
Bitcoin formed its third consecutive green candle on the daily chart on Sunday, October 27, and moved up to $9,550 closing the 7-day period with a 16.5 percent of increase.
The BTC/USD pair opened the new trading period on Monday with a slight correction. It erased 3.4 percent of the total capitalization and dropped to $9,222 even though bulls were able to push the price up to $9,946 during intraday.
On Tuesday, October 29, the coin recovered from the loses registered during the previous session and closed at $9,420. It was already obvious that neither bulls nor bears were able to for a definitive trend and the levels near $9,000 will be crucial for the mid-term.
The mid-week session on Wednesday was no different as sellers temporarily took over control, bringing the most popular cryptocurrency back down to $9,154.