Market visualization. Supply: Coin360
Bitcoin is buying and selling at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., however by no means managed to carry these highs for a major time period. Then on Saturday, Aug.10, BTC value fell by about $400 in simply an hour. Value has continued downward since then, and has even dipped beneath $10,900 at present.
Bitcoin 7-day value chart. Supply: Coin360
The quantity two cryptocurrency, Ether, seems to be declining extra step by step than BTC. At press time, ETH is buying and selling over $208 and is down by 1.62% on the day. Nevertheless, Ether traders stay bullish on the token’s long-term prospects, with 54% of respondents in a Twitter survey reporting that they consider ETH will retake the $1,000 mark sooner or later.
Ether 7-day value chart. Supply: Coin360
The quantity two alt by market cap, XRP, can be down by 0.87% at press time; XRP is now buying and selling simply barely over $0.299. As beforehand reported by Cointelegraph, a brand new crypto trade known as Beaxy just lately opted to droop XRP buying and selling. In accordance with Beaxy, malicious customers intentionally crashed XRP value on the trade, which resulted in XRP/BTC buying and selling for a while at 40% of the worth out there on different exchanges.
XRP and its affiliate firm Ripple are additionally at present going through a category motion swimsuit from an investor, who alleges that XRP was misleadingly offered as a non-security. The plaintiff on this swimsuit has just lately appealed to the USA Safety and Trade Fee (SEC) pointers on what constitutes a safety with a view to argue his case.
XRP 7-day value chart. Supply: Coin360
Among the many top-20 cryptocurrencies, Chainlink (LINK) is definitely seeing some good points on the day, trending up by 2.36% to commerce at $2.44 at present. LINK beforehand noticed a serious value rally following its listing on the skilled buying and selling platform Coinbase Professional, though it subsequently noticed a major downward correction.
The overall market capitalization of the highest 100 cryptocurrencies had fallen to a bit of over $293 billion at press time, in accordance with information supplied by Coin360’s abstract table.