RATE Group | Cryptocurrencies Rise Despite Bitcoin’s 3-Day Slide By Investing.com
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Cryptocurrencies Rise Despite Bitcoin’s 3-Day Slide By Investing.com

16 Jul Cryptocurrencies Rise Despite Bitcoin’s 3-Day Slide By Investing.com

Posted at 07:42h in Cryptocurrency News by

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© Reuters.

Investing.com – Cryptocurrencies traded higher Monday, even though its largest member, bitcoin, slid for a third-straight day with losses attributed to increased negative scrutiny of Facebook’s launch of its digital coin Libra.

Total cryptocurrency market capitalization rose to $285.59 billion by 11:26 AM ET (15:26 GMT), compared to $280.79 billion a day earlier.

fell 1.0% to $10,514.1 on the Investing.com Index, lost 4.3% to $227.91, gained 1.0% to $0.31607, while dropped 1.0% to $90.204.

Bitcoin’s brief drop below the psychological level of $10,000 on Monday brought the digital currency back into the financial media spotlight with most outlets suggesting that losses were sparked by last week’s critique of the sector by U.S. President Donald Trump or an even earlier suggestion by Federal Reserve Chairman Jerome Powell that he had “serious concerns” about Facebook’s plans for Libra and recommended they be…

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