The new week began with an increase in the value of digital currencies , Bitcoin was able to gain a foothold at a level above $ 10,000 and gradually begins to regain previously lost positions.
The BTC rate on Monday, August 19, rose to $ 10,426, the market capitalization of the cryptocurrency reached $ 186.152 billion.
Bitcoin has created the conditions for the resumption of growth of most altcoins . For example, ether (ETH) came close to $ 200, although only recently many analysts expected it to drop to $ 170-180.
The growth leader among the top ten altcoins was the XRP token, which has risen in price over the past 24 hours by almost 10% to $ 0.286. Litecoin has updated its fundamental position and is now trading just above $ 76.
The value of all cryptocurrencies at the time of publication of this review exceeded $ 271.928 billion, the Bitcoin dominance index fell to 68.3%. BTC began to gain in value last Sunday. After a little consolidation, the coin added 3% and reached $ 10,390.
CNBC analyst and crypto trader Big Cheds believes that BTC will grow moderately, and testing the $ 10,500 mark will be a new stage in strengthening the asset. After taking the milestone of $ 10,500, Bitcoin will be able to update its fundamental positions and head to the $ 11,000 mark.
$ BTC #Bitcoin testing MA 200 https://t.co/o5oKRCOXuJ pic.twitter.com/KSxBBTuLmW
– Big Cheds (@BigCheds) August 18, 2019
The prerequisites for strengthening the cryptocurrency market have already been fixed – investors will most likely refuse to buy the dollar and the euro by the next Thursday. On August 22, a speech by Jerome Powell, the head of the US Federal Reserve, is planned at a conference on economic policy.
According to observers, Powell will announce the inevitability of another decline in the yield of US government securities, this will force many players to switch to alternative assets, in particular Bitcoin.
Publication date 08/19/2019
Share this material on social networks and leave your opinion in the comments below.
