Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Downturn
Tuesday, July 2 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as #Bitcoin (BTC) hovers over the $10,600 mark again.
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%. According to a recent report from equity research platform Seeking Alpha, Facebook’s new #cryptocurrency project really can boost Bitcoin.
#Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $30.7 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.8 billion at press time.
Coin360 data shows that ETH has seen its value decrease by over 2% over the last 24 hours. At press time, #ETH is trading around $288. On the week, the coin has also lost nearly 8% of its value.
#XRP is down by nearly 2% over the last 24 hours and is currently trading at around $0.398. On the week, the coin is down about 18.3%. Earlier today, the operator of the United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO.
Among the top 20 cryptocurrencies, the only ones reporting gains are #NEO , which is nearly 7% up, and chainlink (LINK), which 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 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 today, with WTI Crude down 3.18%, Brent Crude down 2.71% and Mars US up 1.36% at press time. The OPEC Basket is up 0.17% and the Canadian Crude Index has lost 6.6% over the 24 hours by press time, according to OilPrice.
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