Bitcoin Falls under $11,450 as US Stock Market Sees Minor Downturn

in cryptocurrency •  7 months ago 

Saturday, July 13 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $11,450 mark again.

Bitcoin is presently down by over I Chronicles on the day, commerce at around $11,430 at press time, per Coin360. watching its weekly chart, the coin is up by nearly 3.8%.

As Cointelegraph according yesterday, the Chairman of the us FRS has same that nearly no one uses Bitcoin for payments, which it's a speculative quality rather like gold.

Ether (ETH) is holding onto its position because the largest altcoin by market cap, that presently stands at $28.7 billion. The second-largest altcoin, Ripple’s XRP, incorporates a market cap of $14 billion at press time.

Coin360 information shows that ETH has seen its worth decrease by nearly I Chronicles over the last twenty four hours. At press time, ETH is mercantilism around $269. On the week, the coin has conjointly lost over seven-membered of its worth.

XRP is down by concerning 3.87% over the last twenty four hours and is presently commerce at around $0.333. On the week, the coin is down concerning 14.11%.

Among the highest 20 cryptocurrencies, the sole ones reportage gains ar Chainlink (LINK), that is up over 3.8%, Monero (XMR), that is up over 1.5%, and Cardano (ADA), that is up a fraction of a %.

At press time, the overall capitalisation of all cryptocurrencies is $313.9 billion, concerning five-hitter less than the worth it rumored every week past.

As Cointelegraph rumored yesterday, Ethereum’s co-founder Mihai Alisie is very involved that Facebook is trying to hoodwink regulators into approving a centralized “cryptocurrency.”

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