Bitcoin hovers around USD $47,000 and major altcoins post slight declines on August 26th
Bitcoin hovers around USD $47,000 and major altcoins post slight declines on August 26th By Angel Di Matteo @shadowargelThe

drop seen in the price of Bitcoin

this August 26 is also being felt among the major altcoins.



hovers around USD $47,000 this August 26

We open the price report for this August 26 reviewing the evolution seen in the price of Bitcoin (BTC

), digital currency that after the pronounced fluctuations seen in its price is valued for the time of edition at about USD $46,919 per unit, with a fall of 1.88% in the last 24 hours.

According to data published by CoinMarketCap the digital currency saw sharp fluctuations between yesterday and today. Notably, Bitcoin

reached its highest point of the day shortly before 9:00pm (New York time), when it traded at around USD $49.347 per unit, and then went down to a low of around USD $46.405 a few hours ago. Evolución precio de Bitcoin este 26 de agostoEvolución precio de Bitcoin este 26 de agostoBitcoin Price Evolution this August 26th

Opposing Theses

What we have seen regarding the price of Bitcoin

especially these past two days has led to contradictory opinions among analysts and enthusiasts.

On the one hand there are those who remain firm and claim that we are still in a bullish period with its respective corrections, so that after this stretch loaded with some volatility Bitcoin

will return to resume its path and record prices near and / or above USD $ 60,000 in the coming days.

On the other side we have those who feel that Bitcoin is possibly encountering resistance at around USD $50,000 per unit, due to the fact that the price of Bitcoin is still trading at USD $50,000 per unit.

See also  Digging cryptocurrencies in the workplace

This is because many investors would be locking in their profits at this point and selling their assets in the expectation that there could be a downturn. This type of reactions are very common in this market, so the thesis is that the price could fluctuate around this barrier until a new reduction comes.

In any case, in view of these theses, the general consensus is that it will become a very valuable asset for the future. Bitcoin will become a highly valued asset going forward. However, as it is not clear what will happen in the coming days, the invitation is to operate with caution and take measures to avoid adverse results.

Major altcoins go down on August 26th

The uncertainty and fall seen in the price of Bitcoin was also present among the main altcoins of this ecosystem, so most of the exponents of the market are going down for the time of edition registering slight falls.

Such is the case of coins like Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), XRP, Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK ) and many others, which are down with falls between 2% and 6% at the time of editing.

Winners and losers of the day

And to conclude, below we review the cases with the most pronounced fluctuations for this August 26.

Winning cryptocurrencies

Losing cryptocurrencies

To buy cryptocurrencies through DiarioBitcoin

Now that Bitcoin and the main cryptocurrencies are registering significant increases, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital coins.

See also  What if art was just a trojan horse? NFT as you've never seen them before with Solv Finance

If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.

Nuevos botones de compra a través de CriptoMercados

Report by Angel Di Matteo / DiarioBitcoin

Image by Unsplash