Wednesday, July 11: crypto markets are experiencing a slight decline with the total market cap down just $2 billion from the same time yesterday.
Market visualization from Coin360
Bitcoin (BTC) is fluctuating between $6,300 and $6,400 price points today. At press time, the cryptocurrency is trading at around $6,330, down 0.8 percent over the 24 hour period.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is down 0.75 percent on the day, trading at $434 at press time.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
Total market capitalization of all cryptocurrencies is similarly slightly down from yesterday levels, currently at around $252 billion, according to Coinmarketcap.
Total market capitalization chart. Source: Coinmarketcap
EOS had seen the biggest losses out of the top 10 coins by market cap, losing 5.6% in 24 hours to press time and trading at just under $7.
Litecoin (LTC) is one of the only two coins to have gained value today, the other one being Tether (USDT). As of press time, Litecoin is up just a little over zero percent and is trading at around $77. On Tuesday, July 10, the LTC Foundation obtained a 9.9 percent stake in Germany’s WEG Bank AG via a strategic partnership deal with TokenPay.
While the crypto markets are suffering losses for the second day in a row, co-founder and president of crypto startup TenX Julian Hosp expressed optimism about Bitcoin today, claiming that he is still “quite confident” BTC would hit $60,000 in 2018.