Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn

Monday, May 20 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin has fallen below the $7.900 mark again.

Bitcoin is down over 1.7% on the day, trading at $7,883 at press time, according to CoinMarketCap.

The second-largest altcoin, XRP, has a market cap of $16.6 billion at press time.

CoinMarketCap data shows that ETH is down over 2.7% over the last 24 hours.

At press time, ETH is trading around $249. On the week, the coin has also seen its value increase by over 24%.Ether 7-day price chart.

XRP is down over 2.2% over the last 24 hours and is currently trading at around $0.395.

Among the top 20 cryptocurrencies, the only ones reporting gains are dash, which is up over 8.75%, and monero, which is up over half of a percent.

At press time, the total market capitalization of all cryptocurrencies is $245.2 billion, over 12.8% higher than the value it reported a week ago.

In traditional markets, the United States stock market is seeing discrete losses so far today, with the S&P 500 down 0.58% and the Nasdaq down 1.04% at press time.

Major oil futures and indexes are mostly up today, with WTI Crude up 0.29%, Brent Crude up 0.44% and Mars US down 0.45% at press time.