Sunday, May 12 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin holds over the $7,000 mark.
Bitcoin is down about 1.5 percent on the day, trading at $7,040 at press time, according to CoinMarketCap.
Still, BTC is also over six percent down from its mid-day high of $7,500.
Looking at its weekly chart, the coin is up nearly 23%.Bitcoin 7-day price chart.
The second-largest altcoin, Ripple's XRP, has a market cap of $13.4 billion at press time.
CoinMarketCap data shows that ETH is down over 2.25% over the last 24 hours.
At press time, ETH is trading around $189. On the week, the coin has also seen its value increase by over 16%.Ether 7-day price chart.
CEO of crypto analytics firm Messari Ryan Selkis recently predicted that Ethereum version 2.0's transition to proof-of-stake will not take place until 2021.XRP is down just a fraction of a percent over the last 24 hours and is currently trading at around $0.317.
Among the top 20 cryptocurrencies, only three coins are posting gains on the day to press time.
Bitcoin cash, binance coin and dash are all in the green up to 2.5%. At press time, the total market capitalization of all cryptocurrencies is $212 billion, over 17% higher than the value it reported a week ago.
Bitcoin Hovers Over $7,000 as Top Cryptos See Mild Correction
Published on May 13, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.