Bitcoin price analysis on August 16: pending a upshot

The Bitcoin exchange rate won back the positions with great difficulty, but still, he managed to show a positive result: it increased in price by 3.37% and added $ 8 billion in capitalization.

However, it is difficult to say that the crisis has passed. Most likely, we observed a rebound, which will lead to a new, even stronger fall. Especially today is Friday, which is often accompanied by sharp movements in the negative direction.

Bitcoin market capitalization and dominance

The total market capitalization increased by 8 billion and reached a value of 265 billion dollars. But this change was only in bitcoin, which means that the capitalization of the altcoin market remained unchanged.

Bitcoin continues to dominate the market and distracts investors from altcoins. As a result, these coins stomp on the spot and do not show a pronounced trend. It is especially noticeable in the top 8 altcoins.

Altcoins and Clipper Coin performance on August 16

Clipper Coin deserves particular attention, which is in the Top 3 best coins by the price increase for the second day in a row. This time the currency added 18.4%.

At the moment, the market has stood still and is waiting for a Bitcoin denouement. The further outcome will depend on this. But the general state of the market is disappointing, and a hike is possible down to the support level of $ 9,000