The Bitcoin price has dipped below the $10,000 price mark on July 16, while all top 20 coins by market cap are seeing significant losses.
Bitcoin has dipped below $10,000 threshold for the second time this month after the biggest cryptocurrency broke a multi-month high above $13,700 on June 26.
After Bitcoin attempted another recovery to reach nearly $11,000 yesterday, the major coin has dropped to $9,616 at press time, down 8.22% over the past 24 hours.
Over the past 24 hours, Bitcoin dominance increased by around 0.5% to reach 66.6% for the first time since mid-April 2019, according to CoinMarketCap.
Out of the top 20 coins by market cap, EOS has seen the biggest losses over the past 24 hours to press time, down more than 17% to trade at $3.6.
Ethereum, the top altcoin, has dipped below $200 earlier on the day for the first time since May 2019.
At press time, ETH is down about 14% to trade at $201, according to Coin360.
Total market cap dropped to as low as $261 billion at press time from $285 billion in the beginning of the day.
Bitcoin failed to hold the $10,000 support amid the hearing on Facebook's Libra cryptocurrency project with the Banking Committee of the United States Senate.
Yesterday, American entrepreneur and crypto advocate John McAfee doubled down his prediction that Bitcoin will reach $1 million by 2020, despite the sinking price.
Bitcoin Dips Below $10,000 for the Second Time in July
gepubliceerd op Jul 16, 2019
by Cointele | gepubliceerd op Coinage
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