Bitcoin Falls Under $10,700 as Top Cryptos See Mixed Movements

After crossing $11,000 recently, bitcoin has corrected downward to trade under $10,700.

Monday, June 17 — Most of the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as bitcoin (BTC) trades under the $10,700 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down over 4.65% on the day, trading around $10,644 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 16%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, bitcoin crossed $11,000 in under 24 hours after crossing $10,000.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at over $32.8 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $19.9 billion at press time.

Coin360 data shows that ether’s price has decreased by 1.69% over the last 24 hours. On the week, the coin has also gained over 13% in value. Just yesterday, ether hit a 10-month high.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is up just over 1% over the last 24 hours and is currently trading at around $0.473. On the week, the coin is up about 12%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, both bitcoin cash (BCH) and tron (TRX) are seeing reasonable gains, both trading up over 4% at press time to trade at $478.68 and $0.036, respectively.

At press time, the total market capitalization of all cryptocurrencies is $324 billion, over 14.8% higher than the value it reported a week ago.

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Author: Adrian Zmudzinski


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