RATE Group | Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
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Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red

19 Jan Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red

Posted at 13:42h in Bitcoin News by

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Sunday, Jan. 19 — most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin (BTC) which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price decrease by $514 in around 5 minutes.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $18 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $10 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 3.41% over the last 24 hours and 7.3% since the highs of today. At press time, ETH is trading around $164. On the week, the coin…

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