Sunday, April 21, 2019

Bitcoin Falls Under $5,300 Again as Top Altcoins See Losses

Market visualization courtesy of Coin360

Sunday, April 21 — most of the top 20 cryptocurrencies are reporting slight to moderate losses on the day to press time. Bitcoin (BTC) has fallen below the $5,300 mark again, according to data from Coin360.

Bitcoin is down just under 1% on the day, trading at $5,291 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 3.7%.

Bitcoin 7-day price chart. Source: CoinMarketCap

As reported earlier today, Fundstrat Global Advisors founderTom Lee pointed out that the value currently reported by his company’s bitcoin sentiment indicator Bitcoin Misery Index has never been seen in a bear market.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $17.9 billion. The second-largest altcoin, XRP, has a market cap of $13.4 billion at press time.

CoinMarketCap data shows that ETH is down over 2.5% over the last 24 hours. At press time, ETH is trading around $169. On the week, the coin has also seen its value increase by nearly 3%.

Ether 7-day price chart. Source: CoinMarketCap

XRP is conversely down 2.7% over the last 24 hours, and is currently trading at around $0.321. On the week, the coin is up nearly one percent. Furthermore, the coin’s current price is also over 6.85% lower than the mid-week high that it reported on Thursday.

XRP 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies by market cap, the coins reporting the most notable price action are litecoin (LTC), ethereum classic (ETC) and ontology (ONT), all over 6% down.

At press time, the total market capitalization of all cryptocurrencies is $176.9 billion, over 2.25% percent lower than the value it reported a week ago.

Total market capitalization seven-day chart. Source: CoinMarketCap

World famous tennis player Serena Jameka Williams recently revealed that her investment business Serena Ventures has silently invested in over 30 companies, including major cryptocurrency exchange Coinbase.

source : Adrian Zmudzinski

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