On Tuesday, August 25, the bitcoin price falls. At 09:35 UTC, the first cryptocurrency is trading at $11,655.41 (-0.51%), according to CoinMarketCap.
BTC/USD chart of Bitstamp from TradingView Ether has risen in price to $398.75 (+ 0.89%). XRP fell 0.39% to $0.285.
The FxPro team of analysts notes: “We have already made sure that zero dynamics and a long sideways trend are not necessarily negative for Bitcoin. Bitcoin changes hands for $11,700, trading volumes increased by $2 billion per day. Bitcoin dominance index froze at around 59%. It appears that investors are postponing their Bitcoin decisions in anticipation of new impulses”.
While bitcoin is treading water, the S&P 500 is breaking its all-time high, while Goldman believes the stock has room to rise further through the end of the year. If the index is driven by the stocks of the five largest tech companies, then cryptocurrencies are often driven by Bitcoin fluctuations.