Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Likewise See Crimson
Bitcoin and most of the cryptocurrency market seed severe losses on the day subsequently bitcoin lost over $500 in nether 5 minutes.
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Sunday, Jan. nineteen — most of the top 20 cryptocurrencies are reporting severe losses on the day by printing time equally well as Bitcoin (BTC) which now hovers just under the $eight,600 marking falling from today'southward loftier of nearly $9,200, making it a 7.32% loss.
Market visualization courtesy of Coin360
Bitcoin price is currently down by iii.08% on the twenty-four hour period, trading at effectually $8,636 at printing fourth dimension, according to Coin360. Looking at its weekly nautical chart, the coin is still upwardly by well-nigh 6.42%. Bitcoin's toll move has seen the price decrease by $514 in around v minutes.
Bitcoin 7-24-hour interval cost nautical chart. Source: Coin360
Ether (ETH) is holding onto its position every bit the largest altcoin by market cap, which currently stands at $eighteen billion. The second-largest altcoin, Ripple's XRP, has a market cap of $10 billion at press time.
Coin360 data shows that ETH has seen its value subtract past nearly iii.41% over the final 24 hours and seven.three% since the highs of today. At printing time, ETH is trading around $164. On the week, the money has also gained nigh 14.68% of its value.
Ether 7-24-hour interval price chart. Source: Coin360
XRP is down by about 3.43% over the terminal 24 hours and downwardly viii.36% from today'due south hight. The coin is currently trading at around $0.23. On the calendar week, the coin is upwardly about 7.98%.
XRP 7-day cost chart. Source: Coin360
Amid the top 20 cryptocurrencies, the ones reporting ii-digit losses for 24 hours are DASH, which is down by 15.6%, Ethereum Classic (ETC), which lost 12.85% of its value, Bitcoin SV (BSV), which lost 10.8%, and lastly Bitcoin Greenbacks (BCH) which lost eleven.24%.
At printing time, the full marketplace capitalization of all cryptocurrencies is $235.5 billion, nigh viii.five% higher than the value it reported a week ago. Since today's high, the total marketplace cap is down by five.91%.
Keep track of superlative crypto markets in existent time here
Source: https://cointelegraph.com/news/bitcoin-price-drops-over-500-in-5-minutes-top-altcoin-also-see-red
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