RATE Group | Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain
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Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain

01 Sep Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain

Posted at 16:08h in Bitcoin News by

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bitcoin price

In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation.

Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to 12 percent.

Tokens with large daily trading volumes like Ontology, ICON, VeChain, Binance Coin, Tron, 0x, and Zilliqa have not demonstrated massive gains against Bitcoin. Throughout August, these tokens frequently recorded big movements depending on the performance of Bitcoin.

Why Experts Expected Bitcoin to Fall on August 31

Up until August 31, the vast majority of technical analysts and traders in the cryptocurrency community expected Bitcoin and the rest of the market to fall to previous support levels.

Peter Brandt, a highly experienced trader in the FX and cryptocurrency market, said that in his 43 years of trading, he has not seen any asset…

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