$ 117,324.7
BTC
-2.15 %
$ 3,058.36
ETH
1.64 %
$ 0.7326
ADA
-0.85 %
$ 685.77
BNB
-0.93 %
$ 161.37
SOL
-1.81 %

Sujit Kumar
Oct 23, 2019

Bitcoin Prices On the Fall: Does It Signal Another Bearish Wave?

Crypto market Crash
Crypto Market Crash - Market Price of BitCoin @$8,100 & Falling

Crypto seems to be losing its breath in the market with the fall of the Bitcoin rate ($8100), the downfall is inevitable with an unimpressive flake of grasping the market.

Earlier this week, Bitcoin was being traded at the rate of $8200 or above, but recently the price has dipped down to the belt of $8100. Within a couple of hours, the biggest crypto market crash the declination in the rate from $8300 to $8040. It has been said that with each day passing by, the Bitcoin is losing 2% of its total market value.

The coin has been trying to boost its price above the mark of $8300, but failure seems to have clutched the roots in the path of its sprint. Since the last weekend, the notable moments are somewhat missing from the Bitcoin News. The phase has churned since then, and now a mark of $7000 seems to be impossible, which was set in last week.

While the market giant faces a huge loss, Ether (ETH) is still being traded at $171.3/coin, and altcoin dipped at 1.3% following the footsteps of bigger brands. Looking towards the other major players, XRP seems to be trading at a fixed price, showing a little dip of over 0.54% and holding the market at $0.2902/coin. Ripple has recently been joined by three new executives in its global market management system and had signed up in Blockchain Association, but these changes went unnoticed as the impact on the price of XRP remained constant.

Trending 20 Altcoins in Red Zone

With industry giant Bitcoin SV (BSV) taking the worst impact and dipping at the level of 4.5% of the total loss in a day, it is being followed by Cosmos (ATOM) and Tezos (XTZ), both of the companies have been sharing the downfall of around 3% each.

On the other hand, Brave Browser’s Attention Token (BAT) has shown a positive growth of 11%, which means that it might be joining the team of 20 top names soon enough. Its last noted trade rate was $0.24/coin.

With BTC facing the almost 66% crypto market crash has dipped from $223.3 billion to $218.5 billion in the past week.

 

Bitcoin Prices On the Fall: Does It Signal Another Bearish Wave?
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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