At the time of reporting, the value of Bitcoin is around $7,300 USD today after its past fall of around $6,895 USD in August. As seen for now, Bitcoin seems to be stabilizing above the $7,000 USD mark.
As per previous month, Bitcoin remained within the mid-$6,000 region, faced troubles to overcome the $7,000 USD resistance level and demonstrate a sturdy volume to signal correct mid-term recovery. However, starting from this month, the cryptocurrency seem to be performing quite good.
Throughout starting from this month, the weak volumes of Bitcoin and alternative major cryptocurrencies like Ethereum, Bitcoin Cash, Ripple etc seem to have a positive impact on the short trend of the crypto market.
The daily volumes of Bitcoin and Ethereum, the two major digital currencies, seem to be stabilizing. Bitcoin saw a total high percentage change of 3.26 % while Ethereum saw a total hike of around 2.99 % today at the time of reporting.
However, in this periods of instability and uncertainty, particularly with Bitcoin, it’s always an extraordinary risk to speculate the prices of tokens as cryptocurrencies now a days.