Main page News, Bitcoin

Bitcoin price has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $6,685.25 (-3.47%).

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has dropped to $123.5 (-6.75%), while XRP has fallen 6.97% and is now trading at $0.184.

According to CoinMarketCap’s ranking, 9 cryptos on the top 10 are in red.

Bitcoin and the crypto market in general are posting losses. Over the past 24 hours, the reference crypto has lost about 3% of its value and is now trading around $6,700. Even though the negative sentiment in the market is increasing, investors expect Bitcoin price to stabilize around $6,500. The current decline in prices could be related to the sell of Bitcoins stolen by the Chinese fraudulent PlusToken project. The scammers rose about $2B in Bitcoin tokens and are now selling the tokens. Chainalysis has found out the latest fall could be associated to the sale of $185B in Bitcoins through over-the-counter platforms. The use of OTC platforms reduces the impact of these transactions on Bitcoin price.

The BTC dominance index has grown from yesterday’s 66.6% to 67.6%.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $178,624,824,209.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error