RATE Group | Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses
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Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

28 Jul Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

Posted at 10:57h in Bitcoin News by

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Sunday, July 28 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, at the same time that Bitcoin (BTC) fell below the $9,600 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down by 5.2% on the day, trading at $9,538 at press time, according to Coin360. Looking at its weekly chart, the coin is down by 12.68%.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day price chart. Source: Coin360

The Bank of China, one of the four biggest state-owned commercial banks in the country, recently released an infographic on its website illustrating what Bitcoin (BTC) is, how it works and why it’s valuable.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $22.3 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $13 billion at press time.

Coin360 data shows that ETH has seen a loss in value of roughly 5% over the last 24 hours. At press time, ETH is trading at around $209. On the week, the coin’s price…

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