Bitcoin Maintains $10,000 Level Amidst Bearish Sentiment

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Aug 26, 2019 at 16:42 // News

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.


As we talk now, the 7-day trading price for the top 15 cryptocurrencies are all in red, meaning that it has been a bearish market-week for these tokens. When it comes to the 24-hour trade, all the top 15 tokens are in red except Bitcoin (BTC), Bitcoin Cash (BCH, $311.29, 0.69%), Litecoin (LTC, $74.14, 0.07%), Monero (XMR, 0.03%), Stellar (XLM, $0.070408, 1.35%) and Dash (DASH, $92.31, 0.17%).


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Late yesterday, there was a slight decrease to $9,900 price level, a thing that made BTC buyers to be lurking and nippily hard-pressed it back to touch the five figures again. Regardless of the negative and bearish mawkishness that happened last week, the world’s leading virtual currency is not willing to change hands in losses just hitherto.  


BTC/USD Price Analysis  


At press time, the price of Bitcoin is still trading in the green at almost $10,372 with a slight positive 24-hour change of 1.68%, a market cap of over $185.65 billion, daily trading volume of around $18.71 billion and supply of 17.90 million, according to
coinmarketcap data. The weekly price change of Bitcoin is in negatives at 2.96%, however, the coin is trying to recover in this new week as we approach towards the end of the month.  


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The total market capitalization for almost 2475 cryptocurrencies being traded in more than 20266 different markets around the globe is standing at about $269.209 bln, the 24-hour volume is cringing above $60.767 bln. Nevertheless, for over a decade now, BTC is still dominating the market by 68.9%, and has the hope of leading it even further.

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