Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Downturn

in #cryptocurrency4 years ago


Bitcoin is currently up by about half of a percent on the day, trading around $10,649 at press time, according to Coin360. looking at its weekly chart, the coin is down by about 3.63%.


According to a recent report from equity research platform Seeking Alpha, Facebook’s new cryptocurrency project extremely can boost Bitcoin.


Ether (ETH) is holding onto its position as the largest altcoin by market cap, that currently stands at $30.7 billion. The second-largest altcoin, Ripple’s XRP, contains a market cap of $16.8 billion at press time.

Coin360 information shows that ETH has seen its price decrease by over 2 over the last 24 hours. At press time, ETH is trading around $288. On the week, the coin has additionally lost nearly 8 may 1945 of its price.

XRP is down by nearly 2 over the last twenty four hours and is currently trading at around $0.398. On the week, the coin is down about 18.3%.


As Cointelegraph reported earlier today, the operator of the United States-based division of Binance crypto exchange has appointed former Ripple White House as its new corporate executive.


Among the highest twenty cryptocurrencies, the only ones reporting gains are neo, that is sort of seven-membered up, and chainlink (LINK), that is about 3.7% up at press time.

At press time, the total market capitalization of all cryptocurrencies is $308.5 billion, over 8.8% lower than the value it reported a week ago.

In traditional markets, the US stock market is seeing slight losses so far today, with the S&P 500 down 0.06% and also the nasdaq down 0.18% at press time. The CBOE Volatility Index (VIX), on the other hand, has lost 3.13% on the day at press time.

Major oil futures and indexes are seeing discreet gains nowadays, with WTI Crude down three.18%, brant Crude down a pair of.71% and Mars US up one.36% at press time. The international organisation Basket is up zero.17% and also the Canadian Crude Index has lost half dozen.6% over the twenty four hours by press time, in step with OilPrice.

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