Bitcoin continues its erratic run on the financial markets


AtlantisFX | Bitcoin continues its erratic run on the financial markets

AtlantisFX | Bitcoin traded lower, prolonging weekly losses, despite global gains from crypto-currencies on Friday.


Bitcoin lost 4.2% to $ 11,346.1 on the AtlantisFX.com index, bringing the week's losses down to 4.7%.


This digital asset, generally volatile, has had its ups and downs since mid-June, rising from $ 7,888 to $ 13,929.8 in 2019, before suffering a correction to $ 9,728.5 last Tuesday.


Although it is still far from reaching its record high of almost $ 20,000 and despite the strong daily fluctuations in its price, bitcoin has grown more than 200% since the beginning of the year.


Crypto-currencies broadly traded higher on Friday, with a total market capitalization of $ 323.21 billion, against $ 319.48 billion a day earlier.


This is despite the fact that Bitcoin's closest rivals have also suffered losses. Ethereum fell 1.2% to $ 291.17, down 5.0% over the week. The XRP fell 3.1% to $ 0.3822, down 7.9% over the last seven days, while the Litecoin fell 2.3% to $ 119.30. while maintaining weekly earnings of 0.5%.

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