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Bitcoin News And Price Analysis: Bitcoin Dominance Still High As Coin Market Tries to Recover. Monday, August 13

13 august 2018, 22:12 by Jofor Humani

Important Bitcoin News

Bitcoin is the future of Global Payments

Thomas Jack Williams, a Bitcoin evangelist has said that Bitcoin is going to be the future of global payment due to its ability to break geographical barriers in a world that is increasing linked through globalization.
Williams who spoke to The Vanguard, a local media said that the concern of the country’s National Assembly over cryptocurrencies is in good faith, adding that Bitcoin use is safe despite the misconception that it is meant for criminal activities such as money laundering and financing terrorism.

Bitcoin Price

Bitcoin Dominance Still High As Coin Market Moves to Recover

At the beginning of the week, the coin market has turned green as most coin has started making recovery from losses. Bitcoin has seen positive movement in price with dominance at a healthy 50.8 percent.
Currently trading at $6385, Bitcoin is up by 3.4 percent although the coin was unable to break the $6,500 mark, its price appreciated up to $6,455 before dipping to a low of $6,209. Even though it recovered to $6,300, weekly losses still remain at 10 percent while the coin has gone up 1.42 percent on the monthly chart.

The Coin Market Loses $47 Billion Capitalization in 5 Day

The volatility of the coin market has been brought to bear once again in the past week as most of the digital currencies lost substantial value. Some altcoins lost up to 40 percent. However, over the last 24 hours, the market has added 8 billion as the market recovered.
Bitcoin and the second cryptocurrency ether fell in value over the past several days bring down the capitalization. Bitcoin had a low of $5,980 while ether dropped to $305 on August 11. The impact was felt among the altcoin although ether has been having a difficult time for months.

BTC/USD Price Chart, Monday August 13th:

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