Bitcoin Dips Below $8K Again as Top Altcoins See Mild Losses
Most of the top 20 cryptocurrencies are reporting mild losses on the day as bitcoin falls under the $8,000 mark again.
Market visualization courtesy of Coin360
Bitcoin is down less than one percent on the day, trading at $7,990 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no net change, up about a fraction of a percent.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.5 billion. The second-largest altcoin, XRP, has a market cap of $16.2 billion at press time.
CoinMarketCap data shows that ETH is down a little over half a percent over the last 24 hours. At press time, ETH is trading around $250. On the week, the coin has also seen its value decrease by about two percent.
Ether 7-day price chart. Source: CoinMarketCap
Ripple’s XRP is just under one percent down over the last 24 hours and is currently trading at around $0.384. On the week, the coin is down a more notable 5%.
XRP 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the one reporting most notable price action is bitcoin SV (BSV), which is over 17% up at press time.
At press time, the total market capitalization of all cryptocurrencies is $249.1 billion, about the same value it reported a week ago.
Total market capitalization 7-day chart. Source: CoinMarketCap
As Cointelegraph reported earlier today, following its hard fork on May 15, bitcoin cash (BCH) appears to have experienced a two-block chain reorganization resulting in a 3,392 BCH (about $1.35 million at press time) double spend.