Bitcoin Near $11,000 as Marked Corrects 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

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

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

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

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.