On Friday, the price of primary cryptocurrencies changed several times in one day. The price of the biggest cryptocurrency was unstable as on Thursday price decreased below $10,000. Bitcoin’s price reduced after it lost support at $10,000, it further reduced to $9,650 on Thursday.
Based on the information provided by CoinDesk, Bitcoin’s price fell by 21% during the last seven days. It means that from August 8 to August 15 the price of Bitcoin decreased by more than 20%.
The ongoing trade war between the U.S. and China influenced the Bitcoin’s price. During last week, after another round of mutual accusations, the price of Bitcoin fell to less than $10,000. On August 15, stock market prices fell due to the ongoing trade war. The shares of the S&P 500 decreased 3% while FTSE-100 shares fell by about 1.3%.
For a short period of time, the price of Bitcoin managed to increase to $10,385. However, in several hours, the price fell again to less $10,000. On Friday, at the moment of writing, the price per Bitcoin was $10,036.
Based on the information provided by CoinDesk, Bitcoin’s price fell by 21% during the last seven days. It means that from August 8 to August 15 the price of Bitcoin decreased by more than 20%.
The ongoing trade war between the U.S. and China influenced the Bitcoin’s price. During last week, after another round of mutual accusations, the price of Bitcoin fell to less than $10,000. On August 15, stock market prices fell due to the ongoing trade war. The shares of the S&P 500 decreased 3% while FTSE-100 shares fell by about 1.3%.
For a short period of time, the price of Bitcoin managed to increase to $10,385. However, in several hours, the price fell again to less $10,000. On Friday, at the moment of writing, the price per Bitcoin was $10,036.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.