Bitcoin Falls Under $10,400 as Major Altcoins See Double-Digit Losses
Most of the top 20 cryptocurrencies are reporting losses on the day as Bitcoin falls under the $10,400 mark.
Sunday, July 14 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $10,400 mark.
Market visualization courtesy of Coin360
Bitcoin 7-day price chart. Source: Coin360
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $24.8 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $12.8 billion at press time.
Coin360 data shows that ETH has seen its value decrease by about 13.8% over the last 24 hours. At press time, ETH is trading around $233. On the week, the coin has also lost about 21% of its value.
Ether 7-day price chart. Source: Coin360
As Cointelegraph reported yesterday, the Ethereum smart contract of 0x decentralized exchange protocol has been suspended after a vulnerability was uncovered in its code.
XRP is down by nearly 9% over the last 24 hours and is currently trading at around $0.304. On the week, the coin is down about 21%.
XRP 7-day price chart. Source: Coin360
Other major coins are also reporting two-digit losses. Bitcoin SV (BSV) is down 15.69% down, while NEO is down over 16%. At press time, the total market capitalization of all cryptocurrencies is $305 billion.
As Cointelegraph reported yesterday, a draft bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly from within the United States House of Representatives Financial Services Committee.