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08:08 20.08.2019
2019-08-20
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Bitcoin Price Analysis on August 20: Fixing at $ 10,750

Over the past day, the price of bitcoin has increased by 4.5%, which amounts to $ 800. Most likely, this is due to a new assumption about the personality of Satoshi Nakamoto. The last time such a sharp increase in prices was observed on August 5, when the price reached $ 11,937. At the time of writing, Bitcoin is trading at $ 10,785.

Given yesterday's sharp upward momentum, we can say that the price of Bitcoin has formed a reversal trend. It is especially noticeable on the 4-hour timeframe. Similar price movements were observed in early August when there was a positive price movement.

However, this rise in the Bitcoin exchange rate did not affect the market much, since the ratio of altcoins rising and falling in price is approximately 50/50.

The total market capitalization grew by $ 10 billion, of which 8 billion accounted for Bitcoin and only 2 billion for all other coins.

The leader in growth over the past day was Energi (NRG), an increase of 11.5% to $ 6.88 per coin. It is allowed her to rise to 46th place in terms of capitalization with a value of $ 136 million.

Energi - USD Historical Price Chart

Besides, yesterday there was news about a new competitor Libra. It will be Venus, the new stable coin which will launch by Binance.

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