Bitcoin falls for fourth day on way to give up $10,000

2019-09-11 10:20:54 GMT (Economies.com)
Bitcoin falls for fourth day on way to give up $10,000

Bitcoin fell in spot trading today, for the fourth straight day, as it hit a 1-week low while heading to give up the $10,000 barrier, as demand slowed.

 

As of 08:55 GMT, at Bitstamp, Bitcoin fell by 0.9% or $88%, to $10,005, from the opening of $10,093, with a high of $10,243 and a low of $9,855.

 

Yesterday, Bitcoin shed 2.1%, its second third daily loss.

 

The total market cap of cryptocurrencies fell by $3 billion today, to $258 billion (the lowest level since September 2nd), with most of the major cryptos falling led by Bitcoin.

 

Bitcoin's lead over the market's trading reached 69.5% its lowest level in one week, as demand slowed,  below its highest level in two and a half years at 71.25% reached earlier in the week.

 

This reflects that the market participants are not very optimistic before the official launch of the Bakkt Bitcoin futures platform, which will start on September 23rd.

 

Compared to the launch of the CME Bitcoin futures trading platform in December 2017, the crypto market rose strongly, and Bitcoin hit an all-time high near $20,000.

 

While market's experts see that after the official launch of Bakkt both bulls and bears will try to prove their superiority, which will lead to increased volatility in prices.

 
 
 
  Symbol Last Change Chg.%
1.1022
0.0002
0.0155%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
Live Forex Updates