Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Downturn

in #cryptocurrency2 years ago

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Bitcoin is currently up by about half of a percent on the day, trading around $10,649 at press time, according to Coin360. looking at its weekly chart, the coin is down by about 3.63%.

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According to a recent report from equity research platform Seeking Alpha, Facebook’s new cryptocurrency project extremely can boost Bitcoin.

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Ether (ETH) is holding onto its position as the largest altcoin by market cap, that currently stands at $30.7 billion. The second-largest altcoin, Ripple’s XRP, contains a market cap of $16.8 billion at press time.

Coin360 information shows that ETH has seen its price decrease by over 2 over the last 24 hours. At press time, ETH is trading around $288. On the week, the coin has additionally lost nearly 8 may 1945 of its price.

XRP is down by nearly 2 over the last twenty four hours and is currently trading at around $0.398. On the week, the coin is down about 18.3%.

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As Cointelegraph reported earlier today, the operator of the United States-based division of Binance crypto exchange has appointed former Ripple White House as its new corporate executive.

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Among the highest twenty cryptocurrencies, the only ones reporting gains are neo, that is sort of seven-membered up, and chainlink (LINK), that is about 3.7% up at press time.

At press time, the total market capitalization of all cryptocurrencies is $308.5 billion, over 8.8% lower than the value it reported a week ago.

In traditional markets, the US stock market is seeing slight losses so far today, with the S&P 500 down 0.06% and also the nasdaq down 0.18% at press time. The CBOE Volatility Index (VIX), on the other hand, has lost 3.13% on the day at press time.

Major oil futures and indexes are seeing discreet gains nowadays, with WTI Crude down three.18%, brant Crude down a pair of.71% and Mars US up one.36% at press time. The international organisation Basket is up zero.17% and also the Canadian Crude Index has lost half dozen.6% over the twenty four hours by press time, in step with OilPrice.

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