RATE Group | Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses
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Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses

01 Aug Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses

Posted at 23:34h in Bitcoin News by

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August 1: Crypto assets have seen a second day of losses, with Bitcoin (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from Coin360.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin’s July 25 peak at $8,431, the leading cryptocurrency dipped down below $8,000 yesterday for the third time this week. The coin saw another sharp drop this morning, before trading sideways.

Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Bitcoin’s weekly price performance is now down by around 9.3 percent, but monthly growth remains a solid 17.74 percent.

Ethereum (ETH) has seen heftier losses on the day, down a solid 5 percent to trade around $411 at press time. The leading altcoin lost around $19 in value during early trading hours, traded sideways around $425, and then dropped to see an intra-day low of…

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