admin@moneyyes.info      +

Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop
By: cointelegraph.com Posted On: August 30, 2019 View: 9

Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

Thursday, Aug. 29 — Top cryptocurrencies Bitcoin (BTC) and Ether (ETH) are still in the red, though XRP has managed to see minor gains on the day. 

Market visualization. Source: Coin360

Bitcoin is trading at $9,496 at press time, marking a 1.85% price drop on the day. Yesterday, BTC, ETH and XRP all dropped sharply in price from 5:45 p.m. to 6:20 p.m. UTC. BTC in particular fell below the $10,000 price point, and continued to slip to under $9,500 earlier today. Regular contributing analyst Josh Rager commented that he thinks BTC needs to close out the week — on Sunday —  over $9,533 to avoid forming a “lower-low” support level.

Bitcoin 7-day price chart. Source: Coin360

At press time, the second-largest cryptocurrency Ether (ETH) is trading over $169 and is down by 0.93% on the day. As Cointelegraph reported earlier today, blockchain software development company Parity has released an update for its Ethereum node software. The previous version apparently could be remotely crashed via a certain type of Remote Procedure Call or RPC. Parity also recently said that it needed until Sept. 6 to finish implementing its Ethereum Improvement Proposals, or EIPs, which may delay the launch of Ethereum’s next mainnet hardfork.

Ether 7-day price chart. Source: Coin360

XRP, the second-largest altcoin by market cap, is trading at $0.258 and has gained 1.79% on the day as of publishing time. Yesterday, a major Twitter user threatened a network takeover if Ripple executives continue to dump XRP. The Twitter user @CryptoBitlord, who has around 102,000 followers, Tweeted at Ripple’s CEO and CTO with the following message:

“Brad Garlinghouse, Joel Katz, you now have 60 days to stop dumping XRP or we will stage a community takeover. If it’s a decentralized network like you say, we have the power to do it.”

CryptoBitlord previously started a change.org petition against XRP dumping, which has received over 2,600 signatures at press time.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the ninth-top crypto Bitcoin SV (BSV) is trading at $128.23 and up by 2.53%. The cumulative market cap of the top 100 cryptocurrencies is over $253 billion at press time, per data provided by Coin360.

Keep track of top crypto markets in real time here

Let's block ads! (Why?)

Read this on cointelegraph.com Ad1
  Contact
 Payment systems online

67/2

Tel : +
Mail : admin@moneyyes.info
Business Hours : 24

  Follow Us
Site Map
Show site map
  About

There are plenty of online payment systems out there that you can use to conduct e-commerce activities. Top online payment systems for accepting payments on the Web.