Bitcoin Fights to Hold at $10,150 as US Stock Market Sees Minor Uptrend

Published at: Aug. 18, 2019

Sunday, Aug. 18. — Most of the top 20 cryptocurrencies are suffering moderate losses on the day, as Bitcoin (BTC) struggles to stay over the $10,150 mark again.

Market visualization courtesy of Coin360

Bitcoin price is currently down by 1.79% on the day, trading at around $10,166 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 10.4%.

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin in terms of its market capitalization, which currently stands at $19.9 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $11.3 billion at press time.

Coin360 data shows that ETH has seen its value increase by about 0.04% over the last 24 hours. At press time, ETH is trading at around $185.The coin has also lost about 10.19% of its value during the week. 

Ether 7-day price chart. Source: Coin360

XRP is down by about 0.15% over the last 24 hours and is currently trading at around $0.265. The coin is down by about 10.77% on the week.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only ones reporting gains other than Ether are Unus Sed Leo (LEO), which is over 6% up, Chainlink (LINK), which is over 5.5% up, and Tezos (XTZ), which is over 1.5% up.

At press time, the total market capitalization of all cryptocurrencies is $264.6 billion, about 10.39% lower than the value that was reported a week ago.

In traditional markets, the U.S. stock market is seeing gains so far today, with the S&P 500 up 1.44% and the Nasdaq up 12.8% at press time. The CBOE Volatility Index (VIX), on the other hand, lost 1.41% on the day at press time.

Oil futures and indexes are seeing mixed movement today, with WTI Crude up 0.73%, Brent Crude up 0.7% and Mars U.S. up 0.61% at press time. The OPEC Basket is down 1.01% and the Canadian Crude Index has seen no change in its price over the 24 hours by press time, according to OilPrice.

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