The price is a far cry from bitcoin's all-time high of nearly $20,000 back in December 2017. That said, the rally correlated with the issuance of $120 million worth of new tether tokens (USDT) between Tuesday and Wednesday, suggesting that new capital is entering the market.
A late Saturday reversal continued into the early hours of Sunday morning, with Bitcoin pulling back to a start of a day intraday low $6,162 before recovering to $6,300 levels, the day's low steering clear of the first major support level at $5,998.23 and more importantly sub-$6,000 levels. This means that much of the gain made during the Bitcoin bonanza in 2017 has been erased.
Bitcoins dominance comes as no surprise as it remains the most notable cryptocurrency in the world, even the person with the faintest idea of cryptos recognizes that bitcoin is the mother of them all.
At the time of publishing Bitcoin's market share is above 49%, the highest it has been this calendar year.
As of 20:33 UTC, the digital coin is changing hands at $289.9, nearly 10% down on the day, according to Coins.Online data.
The RSI index also came out of the oversold levels, which often increases the chances for a rebound. The BTC prices have also corrected below the $6000 region as of this writing and the whole crypto market seems to be under a lot of pressure at this point of time.
Bitcoin's market dominance had sunk to an all-time low in mid-January where it nearly hit the 30% mark.
Another price hit to the Turkish lira sent tremors through global currency markets on Monday. U.S SEC declaring that Bitcoin is a commodity, ICE's announcement and a potential for a (Bitcoin) ETF, amongst other. However, this market dominance might not entirely be good news -at least not for the market as a whole.
Last year, a lot of ICOs hosted their projects on the Ethereum platform while raising money in Ether.
Every leading cryptocurrency in the market without any exemption has declined in value on August 14.
Canada's largest cannabis company has announced they have closed the biggest deal in the history of the legal cannabis industry. The agreement Wednesday will also see Constellation nominate four directors to Canopy Growth's seven-member board of directors.
The 30-year-old fly-half was on the island with his club Gloucester for a training camp with Jersey Reds. The incident happened at a venue in the St Helier area of Jersey in the early hours of Wednesday morning.
Another 48 evacuation alerts means another 18,720 people should be prepared to evacuate at a moment's notice if the fires spread. The forecast is calling for more hot and dry conditions, with a risk of thunderstorms in some parts of the province.
If UK inflation is lower than expected, investors may become concerned that the BoE's August interest rate hike was unjustified. Even if the inflation data impresses, the Pound's potential for gains is limited as "no deal" Brexit jitters persist.
Despite the political tensions, the lira rebounded some 6 per cent on Wednesday, strengthening to around 6.0 to the dollar. In response, Erdogan announced boycott of United States electronic devices, including Apple iPhones .
An Iraqi official said Saturday that Abadi would visit both neighboring Turkey and Iran to discuss economic issues. Iraqi provinces bordering Iran depend heavily on the Islamic Republic for their electricity supply.
Cochin International Airport's official website showed that several flights had been diverted, cancelled and indefinitely delayed. Prime Minister Narendra Modi mentioned the flood-hit state of Kerala in his address to the nation on the 72nd Independence Day.
NASA's Parker Solar Probe is on its way for a rendezvous with the Sun. " Parker Solar Probe would be just 4cm away from the Sun". It will study the sun as never before, giving us clues into how and why our closest star behaves the way it does.
Women accused of killing Kim Jong Nam could be freed
Siti Aisyah and Doan Thi Huong are charged with the murder of Kim Jong-nam, half-brother of the North Korean dictator. Pyongyang has denied accusations by South Korean and US officials that Kim Jong Un's regime was behind the killing.
'Cautious scepticism' urged over e-cigarette safety
Previous studies have focused on the chemical make-up of e-cigarette liquid before it is vaped, the researchers said. It believed that e-cigarettes can help one overcome the habit of smoking and should be allowed on prescription.
China, US to resume trade talks in late August
China responded by threatening in early August to impose new tariffs on $60 billion worth of USA goods. The Trump administration started to impose last July 6 tariffs on $34 billion in Chinese imports.
Best of 'Hard Knocks': What Browns said to Antonio Callaway
Offensive coordinator Todd Haley was in Coleman's ear, telling him to stay in routes longer and, essentially, to compete harder. When Hue tells him to talk with Haley, Coleman says if the Browns don't want to play him, they should just trade him.
35 killed in Italy motorway bridge collapse
Italy's government said it meant to revoke the company's contract and hit it with a fine of 150 million euros ($170 million). In its design, Morandi used a patented prestressed reinforced concrete technology, which later proved problematic.
More than two dozen overdose around downtown CT park
Their symptoms included vomiting, hallucinations, high blood pressure , shallow breathing and unconsciousness, ABC News reported. The CDC said a record 72,000 Americans died past year because of drug overdose - about 10 percent higher than previous figures.
Gunfire on 50 Cent and Tekashi69's Music Video Set
Gunfire rang out on the set of 50 Cent and Tekashi 6ix 9ine's Brooklyn video shoot Tuesday night (Aug. 14). Earlier this year, someone fired shots at Chief Keef, who was beefing with Tekashi at the time.
Germany, Qatar vow support for Turkey amid U.S. pressure
The United States and Turkey also have diverging interests over Syria, which is enmeshed in a protracted civil war. Meanwhile, Turkey has also decided reject a US appeal calling for the release of an imprisoned American pastor.