Bitcoin price shows signs of recovery while the altcoins market remains in red
On Thursday, August 15, the price of bitcoin (BTC) was in a bullish movement as Ether (ETH) and XRP continue to decline.
Bitcoin has ranged from just under USD 10,000 to more than USD 12,000 this month and, more recently, has been on a downward streak. However, after bottoming around USD 9,700 today, BTC has turned around to retake the USD 10,000 barrier and go further. According to CoinMarketCap, the bitcoin market capitalization currently stands at USD 180,727,958,064.
ETH, has continued its gradual decline. Ether is currently trading at USD 188.32 and tends to drop 1.99%. A founding partner of a blockchain investment company telling the public on Twitter that a Chinese Ponzi scheme has robbed investors of USD 3 billion. This apparent scam is called PlusToken, and the aforementioned partner, Dovey Wan, called on the cybersecurity companies Chainalysis and PeckShield to investigate further.
XRP, the number two for market capitalization, recently reported Peter Brandt accused Ripple, the XRP issuer, of price manipulation. Brandt wrote on Twitter:
"Will Ripple be able to manipulate the market to keep XRP above 0.2400? A serious drop at this level and 0.020725 is on the charts."
Brandt does not seem to be speaking hyperbolically, as he clarified that he believes Ripple is literally manipulating the price of XRP. He wrote:
"I used 'manipulate' because it is exactly what Ripple has been doing since introducing XRP [...] The graphic pattern for many, many months has shown the distribution of XRP by Ripple - it has manipulated the price to maintain support. But if the support yields, Ripple will be forced to get rid of him in an important way. "
ALGO is currently operating a little more than USD 0.699 and has a downward trend of more than 12%. Interestingly, ALGO planned to begin its quotation process on the Coinbase Pro professional trading platform, which was correlated with an increase in the price of other tokens such as Chainlink.
The total market capitalization of the top 100 cryptocurrencies had fallen to just over USD 270 billion, according to Coin360.
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alts will go much low