Bitcoin, Ether, and XRP Weekly Market Update October 14, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap added $11.3 billion to its value during the last seven days and now stands at around $225 billion. The top 10 currencies are all in green for the same time frame with Binance Coin (BNB) and Ripple’s XRP being the best performers with 20 and 11 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $8,345 while ether (ETH) dropped to $183. Ripple’s XRP moved up to $0.289
Bitcoin fell all the way down to $7,850 on Sunday, October 6. It lost 3.6 percent on the day and ended the week 2.4 percent lower.
After closing below $8k for the first time since June this year, the BTC/USD pair started trading on Monday, October 7, with a huge green candle. It gained 4.5 percent and moved up to $8,200, but not before hitting the $7,760 mark – right where we projected the bottom of the current downward correction.
On Tuesday, October 8, the coin broke above $8,300, but bulls were not able to hold to that level. They made a step back and closed the day at $8,175.
The mid-week session on October 9 was quite positive and bitcoin continued to rise. It closed at $8,585 with a 5 percent increase. On October 10 we witnessed a low-volatility session during which BTC stayed mainly in the zone around $8,570 and did not change in price.