Bitcoin price (BTC/USD) struggles to find momentum on Tuesday morning

on Jan 8, 2019
Updated: Oct 11, 2019

The Bitcoin price (BTC/USD) has been fighting to defend the $4,000 mark in a lacklustre Tuesday morning session that has also seen the wider crypto market struggling to find momentum.

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The original cryptocurrency had a challenging session yesterday, as it battled to stay above the $4,000 mark it had reclaimed on Sunday. The digital coin enjoyed a positive start to the session, with its price rising to an intraday high of $4,092.61 in the early hours of trading. However, as the morning session progressed, the coin experienced a significant correction that sent its price below its opening level of $4,078.59. The coin fell to as low as $4,020.89, as a result of the correction and then spent the rest of the session hovering below the $4,050 mark. The coin ended the session at $4,025.25, according to data from digital currency tracker Coinmarketcap.

Bitcoin has continued to struggle in today’s morning session, as its price has remained near the $4,000 mark. The coin even dipped below that level, falling to $3,996.96 earlier in the session, but it was able to quickly return above the barrier. At the time of writing, the Bitcoin price was hovering around $4,030.

Bitcoin’s performance mirrors that of the wider crypto market, which has so far been unable to build on its strong Sunday gains. Most major digital coins, including Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH) has lost ground over the past 24 hours. However, some coins like Litecoin (LTC) and TRON (TRX) have bucked the downtrend. TRON has been particularly impressive, thanks to gaining more than 10% in the most recent 24-hour period.

In today’s trading, the Bitcoin price stood at $4,030.12, as of 10:39 GMT. The digital coin has lost 0.25 of its value in the past 24 hours. The coin’s total market cap currently stands at $70.4 billion.

For further information on how to buy and trade Bitcoin, see our comprehensive Bitcoin guide.


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