Bitcoin News And Price Analysis: Bitcoin Dominance Still High As Coin Market Tries to Recover. Monday, August 13
Important Bitcoin News
Bitcoin is the future of Global Payments
Thomas Jack Williams, a Bitcoin evangelist has said that Bitcoin is going to be the future of global payment due to its ability to break geographical barriers in a world that is increasing linked through globalization.
Williams who spoke to The Vanguard, a local media said that the concern of the country’s National Assembly over cryptocurrencies is in good faith, adding that Bitcoin use is safe despite the misconception that it is meant for criminal activities such as money laundering and financing terrorism.
Bitcoin Dominance Still High As Coin Market Moves to Recover
At the beginning of the week, the coin market has turned green as most coin has started making recovery from losses. Bitcoin has seen positive movement in price with dominance at a healthy 50.8 percent.
Currently trading at $6385, Bitcoin is up by 3.4 percent although the coin was unable to break the $6,500 mark, its price appreciated up to $6,455 before dipping to a low of $6,209. Even though it recovered to $6,300, weekly losses still remain at 10 percent while the coin has gone up 1.42 percent on the monthly chart.
The Coin Market Loses $47 Billion Capitalization in 5 Day
The volatility of the coin market has been brought to bear once again in the past week as most of the digital currencies lost substantial value. Some altcoins lost up to 40 percent. However, over the last 24 hours, the market has added 8 billion as the market recovered.
Bitcoin and the second cryptocurrency ether fell in value over the past several days bring down the capitalization. Bitcoin had a low of $5,980 while ether dropped to $305 on August 11. The impact was felt among the altcoin although ether has been having a difficult time for months.
BTC/USD Price Chart, Monday August 13th:
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
The real Bitcoin is Bitcoin Cash, according to “Geohot” - Bitcoin Cash
Bitcoin’s Maturity And Low Volatility Goes Out The Window — BTC Going Down, Price Analysis
Bitcoin Price Analysis: What To Expect In The Next Couple Of Weeks - TokenTops
Bitcoin Experiences Price Spike of $400 in 20 minutes. Bitcoin News, BTC Price Chart. Wednesday, August 22nd
Bitcoin News and BTC Price Analysis: Bitcoin unable to Break the $6650 Resistance Barrier. Saturday, August 19
Top Cryptocurrency Price Analysis: BTC Slowly Recovers After This Week Lows. Friday, August 17
You need to login to create comments.