The most popular cryptocurrency, bitcoin (BTC), started on a volatile note on Sunday, as its price fell more than $ 800 in 25 minutes after surpassing $ 12,000, once again causing a sell-off on the market. whole market.
At pixel time (06:31 UTC), BTC is trading at $ 11,261, after rebounding from $ 11,130, from $ 12,041, reached earlier today (UTC). The last time BTC exceeded this level was in August 2018.
The price is down 3.6% in one day, reducing its weekly gains to 16%. BTC is up 23.5% in a month and almost 5% in a year.
BTC price table
The other major coins in the top 10 are down 2% to 7%, except Ethereum (ETH) and XRP which are up 4% ($ 372) and nearly 7% (0.286 USD) per day, respectively. However, both coins also fell sharply. Earlier today, ETH hit $ 409, while XRP hit $ 0.323.
Total market capitalization fell 2% to $ 342 billion. Bitcoin’s dominance, or the percentage of total market cap, slipped less than 1 percentage point, to 60.6%.
BTC is rebounding quite strongly. Must be a V-shaped recovery or something. Stranger things happen in a real world, you know.
– ʲᵒᵉ🕶️7 (@ J0E007)
The discharge shows the force of 11,700 – it will not be passed easily.
– Teddy (@TeddyCleps)
@BtcMotivation @APompliano Back to where you were 30 hours ago. https://t.co/CogiWCbZyy
– Research on Conviction Capital (@EVtoEBIT)
@iamjosephyoung Wish someone could explain HOW this can still happen. What happened? A whale decided to drop a… https://t.co/QgZkZC12cx
– WeiRdCroissant 🔑 (@WeiRdCroissant)
@cz_binance $ BTC at $ 100k and none of us were able to participate
– Josh Rager 📈 (@Josh_Rager)
BTC dump or not, the perp yield arb party never ends, it seems… The party rules are always the same: buy perp @ Bfx, sell perp to any number of exchanges below , multiply the rates below by 3x your leverage, and enjoy the crazy daily returns… pic.twitter.com/lpOpaC8FSO
– ʲᵒᵉ🕶️7 (@ J0E007) August 2, 2020
Bears that called under $ 7k to $ 9k now do $ 11k victory rounds #
– WhalePanda (@WhalePanda)
@MoonOverlord Much better than being stuck in that 9k range for months. It’s a lot more fun.
– Samuel Whittemore (@Absconder_ieie)