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07:09 12.09.2019
2019-09-12
Neironix
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Bitcoin Price Analysis on September 12: Market Stagnation After a Three-day Fall

Over the past day, the price of bitcoin has increased slightly - only 0.61%. Strong price movements were not observed yesterday, except for a short-term impulse to the level of $ 9.855. The trading volume is at the same level. Currently, the price of bitcoin is $ 10,072.

For most of the last days, the bitcoin rate was in flat, showing low volatility. In the middle of the day, we saw a breakdown of the level of $ 10,000, but it turned out to be false. And towards the end of the day, the price chart returned to $ 10,150.

If you count the number of times that sellers tried to break through and gain a foothold at the level of $ 10,000, we can say that their strength is weaker than buyers at the moment. Almost a month, sellers storm this level, and their success is small.

Most likely, this is because most market players are increasing positions before the subsequent upward spurt. A lot of people are waiting for the inflow of new money to the market through Bakkt and therefore hold long transactions.

The total capitalization of the cryptocurrency market fell slightly and is now at around $ 259 billion. The trading volume also remained unchanged, but the dominance of bitcoin increased slightly and amounts to 70.1%.

Although bitcoin showed slight positive growth, most altcoins fell even against the dollar. The most significant drop in GXChain is 21.1%. This coin lost 75% of its value in just a month!

GXChain - USD Historical Price Chart

An anonymous coin Bytecoin is lead in the gainers' list, which grew by 10%.

ByteCoin - USD Historical Price Chart

Yesterday, it became known that Mastercard is developing its platform for cross-border payments. The blockchain-oriented company R3, which provides services for businesses and enterprises, will help them in this.

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