Bitcoin, Ether, and XRP Weekly Market Update September 02, 2019 | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The total crypto market cap lost $17 billion of its value during the last seven days and now stands at $252.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Cardano (ADA) being the worst performers with 17.9 and 11.3 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $9,782 while ether (ETH) stands at $171. Ripple’s XRP dropped to $0.255.
Bitcoin remained relatively flat on Sunday, August 25 and registered no price changes. It ended the previous seven-day period at $10,140 with 1.7 percent of decline.
The most popular cryptocurrency opened the new trading period on Monday, August 26 with its first green session on the daily chart in three days. Bulls were able to push its price up to $10,675, still without breaking above the downtrend channel. The coin closed the day at $10,400 or around the $10,300-$10,400 zone which we consider crucial for the short-term recovery.
On Tuesday, August 27, BTC/USD dropped down to $10,163. The move was followed by a 4.4 percent losing session on August 28 as the freefall resulted in a break below the $10,000 support. The pair stopped at $9,708 and bears were already eyeing the next resistance at $9,400.
The trading session on August 29 found BTC continuing its way downwards.