Bitcoin price down 12 percent during the week – fights to stay above $10,000

Bitcoin price down 12 percent during the week – fights to stay above $10,000.

Image source: Shuttestock / Trijo News / Coinmarketcap

Christian Ploog

christian.ploog@trijo.co

The question now is whether the bitcoin price can remain above $10,000 or whether the world's biggest cryptocurrency will fall to four-digit again.

Bitcoin has had a weak week. On Monday, the price was $11,500, and today Sunday, it was down to just above $10,100, according to numbers from Coinmarketcap.

This is a decrease of about twelve percent.

Bitcoin price 12-18 august 2019.

Bitcoin price 12-18 august 2019. Image source: Coinmarketcap

However, during Sunday, the price recovered somewhat, and a bitcoin is currently trading at $10,400, according to numbers from Bitstamp.

The question now is whether the bitcoin price can remain above $10,000 or whether the world’s biggest cryptocurrency will fall to four-digit again.

Bitcoin currently accounts for 68.6 percent of the total market cap of all cryptocurrencies.

Altcoins are rising in price

Ethereum retains its position as the world’s second-biggest cryptocurrency with a total market cap of over $20 billion.

The price of ethereum has also decreased during the week, but over the last 24 hours, it has recovered and increased by over four percent. One ethereum costs $194 at the time of writing.

Xrp performed even better over the last 24 hours. The world’s third-biggest cryptocurrency, with a total market cap of over $12 billion, has risen over five percent in the last 24 hours. At the time of writing, one xpr costs $0.281447, according to Coinmarketcap.

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