Major Altcoins Rally as Bitcoin Sees Slight Gains

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Wednesday, July 17- The number one cryptocurrency Bitcoin is seeing slight gains on the day as major altcoins and Ripple rally.

Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16.

At press time, BTC is trading just over $9,800 with a 2.64% gain on the day.

On July 4, analysts at SFOX conjectured that Bitcoin could rally in light of the American national holiday Independence Day, arguing that holidays in the midst of a bull market tend to spark FOMO. However, Bitcoin did not see any significant gains on the holiday, and is now sitting around $2,000 down from its price level 13 days ago.

Top altcoin Ether has had a bearish week, like BTC, mostly seeing a steady decline over the last seven days.

The number two cryptocurrency has recovered by approximately 8.3% on the day, and is sitting above $214 at press time.

Ripple's value has also largely been on the decline for the past seven days.

According to a price analysis by Cointelegraph XRP is currently one of the worst-performing major cryptocurrencies.

Litecoin has seen impressive daily has, rallying by over 16% at press time to trade at $92.37.

Gold is the only major traditional asset seeing mild gains at press time, according to data provided by MarketWatch.

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