Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend
Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin falls under the $7,900 mark again.
Market visualization courtesy of Coin360
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 $26.9 billion. The second-largest altcoin, XRP, has a market cap of $16.5 billion at press time.
CoinMarketCap data shows that ETH is up over .5% over the last 24 hours. At press time, ETH is trading around $252. On the week, the coin has also seen its value decrease by over 8.7%.
Ether 7-day price chart. Source: CoinMarketCap
XRP is nearly 1% down over the last 24 hours and is currently trading at around $0.391. On the week, the coin is down over 9.2%.
XRP 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the only one reporting double-digit price action is bitcoin sv (BSV), which is up over 25% at press time.
As Cointelegraph reported yesterday, BSV promoter and self-proclaimed Satoshi Nakamoto Craig Wright has filed U.S. copyright registrations for Bitcoin’s whitepaper and code.
At press time, the total market capitalization of all cryptocurrencies is $246.2 billion, less than .5% higher than the value it reported a week ago.
Total market capitalization 24-hour chart. Source: CoinMarketCap
In traditional markets, the United States stock market is seeing discrete gains so far today, with the S&P 500 up 0.85% and the Nasdaq up 1.08% at press time. The CBOE Volatility Index (VIX), on the other hand, has gained 1.74% on the day at press time.
Major oil futures and indexes are mostly down today, with WTI Crude down 1.43%, Brent Crude down 0.8% and Mars US down 0.92% at press time. The OPEC Basket is down 0.14% and the Canadian Crude Index seen its value loose 1.86% by press time, according to OilPrices.