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Bitcoin Near $11,000 as Marked Corrects Downward

Bitcoin Near $11,000 as Marked Corrects Downward

Major cryptocurrencies are in the red as markets are correcting downward.

Sunday, June 30 — most of the top 20 cryptocurrencies are reporting are seeing losses at press time, as markets are sloping downward. 

Market visualization courtesy of Coin360

Bitcoin (BTC)  is currently down 7.33% on the day, trading around $11,103 at press time, according to Coin360. Looking at its weekly chart, the coin is up 3.72%

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands around $31.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.9 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 3.12% over the last 24 hours. At press time, ETH is trading around $296. On the week, the coin is down almost 4.5%

Ether 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, daily transactions registered on the Ethereum network exceeded one million yesterday, June 28, for the first time since May 2018.

XRP is up by 2.73% over the last 24 hours and is currently trading at $0.403. On the week, the coin is down nearly 15%.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, only litecoin (LTC) is seeing gains at press time. The fourth largest cryptocurrency is up 1.37% on the day and is currently trading at $130.34.

At press time, the total market capitalization of all cryptocurrencies is $337 billion.

Speaking to Cointelegraph at Blockchain Week Rome, Teck Chia, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness.

What do you think?

Written by btcethereumadmin

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