Bitcoin Price Straddles $10K as Consensus for New 2019 High Remains
William Suberg's original article for cointelegraph.com reduced by 41%
Bitcoin price fell below $10,000 once more on Aug. 16 after climbing as high as $10,440 in early trading. Data from Coin360 spelled out another day of uninspiring performance for Bitcoin traders Friday, with BTC/USD failing to find support at five figures.
Asking followers about the future Bitcoin price more than 600 respondents said they believed BTC/USD would surpass its all-time high of $20,000 within the next six months. Earlier this week, a similar survey delivered a 50/50 split between those who believed Bitcoin price would stay above $10,000 and those eyeing lower levels. Bitcoin's volatility and downward momentum produced much more accented losses for alt traders, with most of the top twenty cryptocurrencies by market cap shedding at least 10%.
As the price of Bitcoin steadied, so too did most alts, with the top ten losing between 1% and 2% on the day. Ether, the largest altcoin by market cap, performed almost identically to BTC, delivering broadly sideways action to trade around $182. Weekly charts remain grim, ETH/USD coming down from a high of $221.Ether 7-day price chart.
Bitcoin's share remains constant at just over 68%.Keep track of top crypto markets in real time here.
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Summarised crypto news.