Sep 02, 2019 at 10:50
Cryptocurrency Market Analysis: Top 5 Gainers of August
Cryptocurrency market has been quite calm in August, with most digital currencies trading at certain price levels for most of the month. Only at the end of the month did we see Bitcoin and top altcoins falling below their support points. However, some coins have managed to make a good profit this month. Let’s look through top 5 cryptocurrencies of August.
Aug 30, 2019 at 10:30
Bitcoin Price Loses its $10k Support, Trades Around $9,600
The daily and weekly trading price of Bitcoin (BTC) is back in the mud. It has moved downwards to change hands below the $10k cap. The world’s most used token has dropped by about 6% within a shortest time, which is an indication of futures-related instability tied to the long-term contracts of BitMEX, a peer-to-peer (P2P) cryptocurrency trading platform. The exchange could see more pitfall before the bearish market ends.
Aug 26, 2019 at 16:42
Bitcoin Maintains $10,000 Level Amidst Bearish Sentiment
The oldest cryptocurrency,Bitcoin, spent most of its time tightfitting on the price marks beyond $10,000 but failed to see any significant movement. However, on Monday early morning this week, there has been a massive trading in Asia which has made Bitcoin (BTC/USD) to trade above the $10,640 level, hence, taking its new resistance level.
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
The world’s top cryptocurrency by market capitalization, Bitcoin (BTC), has once more managed to hit and exceed the $12,000 price level after around 3 to 4 weeks trading below that mark. The surge comes after a huge devaluation of China’s fiat currency yuan which touched the bottom level against the United States dollar (USD) since exactly nine years ago. The event is one part of the US-China trade war.
Cryptocurrency Monthly Analysis: Top 7 Gainers of July
Cryptocurrency market has been highly volatile over the last couple of months, with Bitcoin finding support at $9,500 per coin. This month is characterized by a prolonged price correction after super lucrative gains in June. However, some altcoins out of top 100 have managed to keep trading in the green.
Bitcoin Might Hit $8,500: Is it the Right Time to Purchase?
The original digital asset Bitcoin has been trading above the $10,000 cap for over a month now, however, it seems the price of the coin is dropping towards the $8,500 level, according to information we gathered from YouTube compiled by senior cryptocurrency analyst Nicholas Merten alias DataDash.