Bitcoin Stuck Hovering Around $11,700, Major Altcoins See Red

Published on by Cointele | Published on

Thursday, Aug. 8 - Top cryptocurrencies Bitcoin, Ether and XRP are all seeing minor losses at press time.

Bitcoin is trading a little over $11,700 with a 0.2% loss on the day.

The top cryptocurrency shot up over the weekend to break $11,000, and seemed to have some momentum moving into the week.

Bitcoin's hash rate hit a new milestone today, breaking 80 quintillion SHA256 hashes per second for the first time ever.

The number two cryptocurrency, Ether, is also slumping slightly, with a 1.6% loss on the day.

XRP is down 0.82% at press time, trading slightly over $0.30.

As previously reported by Cointelegraph, Ripple sold over $250 million in its native XRP token in Q2 2019.

Leading the top gainers in the crypto market today is Egretia, which is seeing over a 30% price spike on the day.

Egretia is in the top 50 coins and tokens, sitting at #41 with a market cap of $176,240,421.

According to Coin360, EGT is a token designed for buying in-game items, among other things.

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