The top 20 cryptocurrencies are reporting minor losses as Bitcoin hovers over the $3,850 mark.
Market visualization from Coin360
At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,853, according to CoinMarketCap data. Looking at its weekly chart, the current price is nearly half of a percent lower than $3,870, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is holding its position as the largest altcoin by market cap, which by press time is over $14 billion. The second-largest altcoin, Ripple (XRP), has a market cap of just under $13 billion by press time.
ETH is down by 0.64 percent over the last 24 hours, according to CoinMarketCap. At press time, ETH is trading around $133, after having started the day one dollar higher. On its weekly chart, Ethereum has seen its value decrease by about 7.5 percent from $143, the price at which the coin started the week.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple has lost nearly one percent in the 24 hours to press time and is currently trading at around $0.312. On its weekly chart, the coin gained almost two percent from $0.306, the price at which XRP started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the only ones experiencing gains on the day are EOS (EOS), Maker (MKR), Monero (XMR), Binance Coin (BNB) and Stellar (XLM), but all of those report under one percent growth.
The total market capitalization of all cryptocurrencies currently amounts to about $129.9 billion — which is nearly a quarter of a percent less than $140.6 billion, the value reported one week ago.
Total market capitalization 7-day chart. Source: CoinMarketCap
As Cointelegraph reported, the United States Federal Reserve is considering the inclusion of this year’s Bitcoin market collapse as one of the salient risks to be taken into account for its supervisory stress tests.
Source: Cointelegraph https://cointelegraph.com/