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Bitcoin has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $7,905.31 (-0.48%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has fallen to $199.23 (-3.48%), while XRP has dropped by 1.41% and is now trading at $0.207.

The price of the reference crypto collapsed below the $8,000 mark last weekend and has not managed to break above this level. It must be noted that the behavior of BTC is pretty unexpected, as, for example, Coinbase CEO Brian Armstrong has said through a message on Twitter that he is surprised by the recent fall of Bitcoin amid the current oil price war. Armstrong had recently said blockchain will help increase the crypto community from 50 million users to 5 billion.

In addition, it looks like investors are not putting their money in cryptos after oil suffered yesterday its biggest collapse since 1991.

According to CoinMarketCap’s ranking, all currencies on the top 10 are in red.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $

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