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Bitcoin Falls under $11,450 as US Stock Market Sees Minor Downturn

Most of the top 20 cryptocurrencies are reporting losses on the day as Bitcoin falls under the $11,450 mark again.

Saturday, July 13 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, as Bitcoin (BTC) fell below the $11,450 mark again.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down by over 1% on the day, trading at around $11,430 at press time, according to Coin360. Looking at its weekly chart, the coin is up by almost 3.8%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, the Chairman of the United States Federal Reserve has said that almost nobody uses Bitcoin for payments, and that it is a speculative asset just like gold.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $28.7 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $14 billion at press time.

Coin360 data shows that ETH has seen its value decrease by nearly 1% over the last 24 hours. At press time, ETH is trading around $269. On the week, the coin has also lost over 7% of its value. 

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is down by about 3.87% over the last 24 hours and is currently trading at around $0.333. On the week, the coin is down about 14.11%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only ones reporting gains are Chainlink (LINK), which is up over 3.8%, Monero (XMR), which is up over 1.5%, and Cardano (ADA), which is up a fraction of a percent.

At press time, the total market capitalization of all cryptocurrencies is $313.9 billion, about 5% lower than the value it reported a week ago.

As Cointelegraph reported yesterday, Ethereum’s co-founder Mihai Alisie is extremely concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency.”

Keep track of top crypto markets in real time here

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  • bitcoinBitcoin (BTC) $ 6,709.24 1.94%
  • ethereumEthereum (ETH) $ 140.35 1.48%
  • tetherTether (USDT) $ 0.998209 0.4%
  • bitcoin-cashBitcoin Cash (BCH) $ 234.09 0.76%
  • bitcoin-cash-svBitcoin SV (BSV) $ 175.82 1%
  • litecoinLitecoin (LTC) $ 40.22 0.71%
  • binancecoinBinance Coin (BNB) $ 13.10 0.02%
  • cardanoCardano (ADA) $ 0.031595 2.39%
  • moneroMonero (XMR) $ 53.33 5.17%
  • stellarStellar (XLM) $ 0.041028 1.34%
  • cosmosCosmos (ATOM) $ 1.98 2.32%


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