Saturday, July 13 - Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin fell below the $11,450 mark again.
Bitcoin is currently down by over 1% on the day, trading at around $11,430 at press time, according to Coin360.
Looking at its weekly chart, the coin is up by almost 3.8%. Bitcoin 7-day price chart.
As Cointelegraph reported yesterday, the Chairman of the United States Federal Reserve has said that almost nobody uses Bitcoin for payments, and that it is a speculative asset just like gold.
The second-largest altcoin, Ripple's XRP, has a market cap of $14 billion at press time.
Coin360 data shows that ETH has seen its value decrease by nearly 1% over the last 24 hours.
At press time, ETH is trading around $269. On the week, the coin has also lost over 7% of its value.
XRP is down by about 3.87% over the last 24 hours and is currently trading at around $0.333.
Among the top 20 cryptocurrencies, the only ones reporting gains are Chainlink, which is up over 3.8%, Monero, which is up over 1.5%, and Cardano, which is up a fraction of a percent.
At press time, the total market capitalization of all cryptocurrencies is $313.9 billion, about 5% lower than the value it reported a week ago.
Bitcoin Falls under $11,450 as US Stock Market Sees Minor Downturn
gepubliceerd op Jul 13, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.