Digital currencies on August 16

Cryptocurrencies such as Bitcoin, Litecoin, and Ethereum became famous around the world. The number of people interested in crypto investing increased in 2019. 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.

Ethereum and Litecoin

The price of other cryptocurrencies also decreased on Friday. Ethereum is the second biggest cryptocurrency in terms of market capitalization in the world. Ethereum’s price fell to $184. On August 15, the price declined to the lowest point of this month when the price of Ethereum reduced to $173.

The price of another of Litecoin fell on August 16. The price of Litecoin on Friday was $74.21.

Digital currencies such as Bitcoin, Ethereum, and others are famous around the world. There are several factors which affected the price of cryptocurrencies on Friday. Despite the fact that the price of digital currencies changed several times, but this is a typical situation for cryptocurrencies.