Bitcoin and Ethereum suffer weekly losses, altcoins follow suit


The cryptocurrency markets dipped another percentage point this Friday, bringing global market capitalisation down to US$912.6bn.

Bitcoin is beginning to test the US19,000 price point, and is currently 1.18% down week on week. Given bitcoin’s historically low volatility, the world’s largest cryptocurrency is likely to remain fixed somewhere between the US$19,000 and US$20,000 range, although some analysts are convinced on a pending breakout.

Ethereum is trading at US$1,284, having dipped 0.6% this morning. Week on week, Ethereum is down 1.7%.

 

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