Almost All Top 100 Coins in Red, Bitcoin Holds Weekly Gains After Dipping Below $5,500

A former entrant of the top 20 coins by market capitalization, ontology is seeing the biggest losses over the past 24 hours at press time among the top 30, down more than 11%. Basic attention token, which has recently overtaken ontology to enter the top 20, has surged 6%, also up around 30% over the past 7 days.

After briefly reaching above the long-anticipated threshold of $5,600, bitcoin has now retreated to below $5,500.

The biggest cryptocurrency is down 1.9% over the past 24 hours at press time, trading at $5,490, and still up around 4.9% over the past 7 days.

Bitcoin's dominance on crypto markets has continued to surge, up from 53.5% in the beginning of the day to the current 54.7%, which is a new market share record for bitcoin since December 2018.

Earlier on the day, bitcoin's market cap has almost touched $100 billion for the first time since mid-November 2018.

Ether, the second-top cryptocurrency by market cap, tumbled 5.5% to $164.9, also seeing a drop of around 0.9% over the past 7 days.

XRP, the third-top cryptocurrency by market cap, is down 7.3% and trading at $0.301 at press time, also down 8.8% over the past 7 days.

The total market capitalization amounts to $177 billion at press time, down from yesterday's high of $185 billion.

While the crypto markets have slipped today, the United States stock market hit new highs over the day, while the Nasdaq Composite rose 0.2% to hit an intraday high.

At press time, the Dow Jones Industrial Average and S&P 500 are up 0.05% and 0.01%, respectively.