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Cryptocurrency are traded in red and bitcoin under 10,000 dollar

2019-08-15 09:46 am | Resource: News | No Views : 18

Cryptocurrency  are traded in red and bitcoin under  10,000 dollar Cryptocurrency traded in red as the most popular crypto currency fell below $ 10,000 a day after losing $ 11,000. Now, Bitcoin is back near levels at the beginning of the month, when levels are predicted to fall near $ 8,000. Last week, Bitcoin rose as stocks fell, prompting some crypto enthusiasts to say that it was acting as a safe haven in a similar way to gold or the Japanese yen. But market players said the gains reflected their ability to make quick gains more than any safe haven credentials.

Bitcoin fell to $ 9,692.46, down 8.69% last day, and lost 18.46% since last Thursday. The current correction has once again erased expectations of a rapid boom of $ 15,000. At its current price, Bitcoin remains 51.50% lower from an all-time high of $ 197070.62 set on December 17, 2017.

The move pushed down the Bitcoin market capital to $ 173.8 billion, or 67.62% of the total cryptocurrency market cap. At its highest level, Bitcoin's capital reached $ 241.2 billion. Ethereum market capitalization was US $ 19.5 billion or 7.58% of the total market value of cryptocurrencies, while the total market value of Ripple was US $ 11.1 billion or 4.31% of the total value of the cryptocurrency market.

Some cited selling due to technical trading as the Bitcoin approached the widely watched $ 10,000 mark and others said fears of a recent decline in global stock markets due to recession fears have hit cryptocurrencies, although how cryptocurrencies and markets are linked. Stocks in particular are debated.

Cryptocurrency trades
  • Bitcoin fell to $ 9,692.46, down 8.69%
  • Ethereum fell to $ 180.34 levels, down 15.15% on the day.
  • The ripple was trading at $ 0.25612 with a loss of 15.69%.

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