The fall seen this August 19 was not only felt in the cases of Bitcoin Y ethereum, since most of the main exponents go down in the last 24 hours. Reports indicate that more than USD $600 million in sales orders have been settled during the day.
- BTC falls below USD $24,000 this August 17
- Major altcoins also score lower at this time
- The surprise of the day was EOS, which increased by 16%
Bitcoin falls towards USD $21,000 this August 19
We open our report highlighting the sharp drop seen in the price of Bitcoin (BTC), which for the noon of this August 19 goes down and is quoted at about USD $21,369 per unit, a figure that represents losses of 8.15% in the last 24 hours.
According to the data published in our section CryptoMarkets DailyBitcoin Y CoinMarketCap, despite the fact that the price had already been falling since yesterday, shortly before 9:00 pm (New York time) it fell below the barrier of USD $23,000 per unit. However, the most pronounced point of the fall came during the midnight of this August 19, since in one hour of commercial operations it went from USD $22,807 to USD $21,935, point from where it continued its downward path until reaching the aforementioned values.
The drop in the price of Bitcoin was also accompanied by a 50% spike in daily trading volume, which at this time rose to some $36.621 million that has moved across major exchanges.
Over $600 million in settlements
In relation to the drop seen in the price of Bitcoin and the main cryptocurrencies, a report recently published by the medium dailyhodl points out that this reaction was accompanied by the liquidation of at least some USD $600 million in commercial operations, this only in the last 24 hours.
The report cites data published by the firm CoinGlass, which indicate that the most affected positions would be associated with Bitcoin, followed by massive sales of Ethereum (ETH) which also led to a drop in the price of said digital currency. Between both cryptocurrencies, operations totaling about USD $385 million were executed, leaving the rest of the capital among other reputable exponents of the market.
Major altcoins were also affected
While Bitcoin lost more than 8% of its price in the last 24 hours, coins like Ethereum (ETH), BNB, XRP, Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Avalanche (AVAX), Shiba Inu (SHIB) and many others capitalize falls between 5% and 12% throughout the day.
However, among the biggest losers of the day were Filecoin (FIL), ZCash (ZEC), Ethereum Classic (ETC), ApeCoin (APE), and Axie Infinity (AXZ) with falls ranging from 12% to 17% in relation to the prices seen yesterday.
The most notable news this August 19
We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.
If you want to acquire Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.
We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.
With information from CryptoMarkets DailyBitcoin Y CoinMarketCap
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WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.