RATE Group | Losses As High As 10%, Bitcoin Price Dips Below $8k
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Losses As High As 10%, Bitcoin Price Dips Below $8k

23 May Losses As High As 10%, Bitcoin Price Dips Below $8k

Posted at 16:16h in Bitcoin News by

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Crypto markets are seeing significant losses across the board, with all top ten coins by market cap in the red, as Coin360 data shows.

Chart

Market visualization by Coin360

Bitcoin (BTC) is trading around $7,846 as of press time, down more than 4 percent over the 24 hour period. Trading volume for BTC has hovered between 5 and 6 bln for the past week, significantly down from volumes earlier this month.

BTC

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) has seen a loss of almost 10 percent over the 24 hour period, trading at $618 to press time. The dip brings the altcoin’s monthly value change into the negative, threatening to reverse what had been astonishing monthly gains of over 100 percent in early May.

ETH

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

Other major altcoins – including Cardano, IOTA, TRON, and EOS – are all seeing 24 hour period losses of between 8 and 11 percent, as data from Coinmarketcap shows.

Having rallied as high as $1800 in…

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