Daily crypto: Bloody day in the markets – bitcoin drops to $7,500

Image source: Shutterstock

2018-08-01 11:48

Christian Ploog

christian.ploog@trijo.co

Bitcoin does not seem to have shaken off the bear market that has been hanging on for a while now.

Over the past 24 hours, the bitcoin price has decreased by up to seven percent. During the night to Wednesday, it dropped to $7,500.

In addition, the entire crypto market has decreased by $30 billion since Monday. It is one of the biggest drops in the past month, according to Coinmarketcap.

The total market cap for all cryptocurrencies during the past month. Image Source: Coinmarketcap

Looking at the biggest cryptocurrencies, bitcoin (-5,84%) is the one that decreased the most during the last 24 hours. But also ethereum (-5,34%), bitcoin cash (-4,56%) and eos (-2,44%) have fallen in value.

The only major currency that has gone up is xrp (+2,37%). In fact, the cryptocurrency performed second best on the top 100.

The one that performed the best on top 100, however, was odem (+5,46%), and the ones that performed the worst were polymath (-29,84%) and bitcoin private (-20,29%), according to data from Coinmarketcap.