Bitcoin Fights to Hold at $10,150 as US Stock Market Sees Minor Uptrend
Sunday, Aug. 18. Most of the top 20 cryptocurrencies are suffering moderate losses on the day, as Bitcoin (BTC) struggles to stay over the $10,150 mark again.
Bitcoin price is currently down by 1.79% on the day, trading at around $10,166 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 10.4%.
Ether (ETH) is holding onto its position as the largest altcoin in terms of its market capitalization, which currently stands at $19.9 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $11.3 billion at press time.
Coin360 data shows that ETH has seen its value increase by about 0.04% over the last 24 hours. At press time, ETH is trading at around $185.The coin has also lost about 10.19% of its value during the week.
XRP is down by about 0.15% over the last 24 hours and is currently trading at around $0.265. The coin is down by about 10.77% on the week.
Among the top 20 cryptocurrencies, the only ones reporting gains other than Ether are Unus Sed Leo (LEO), which is over 6% up, Chainlink (LINK), which is over 5.5% up, and Tezos (XTZ), which is over 1.5% up.
At press time, the total market capitalization of all cryptocurrencies is $264.6 billion, about 10.39% lower than the value that was reported a week ago.
In traditional markets, the U.S. stock market is seeing gains so far today, with the S&P 500 up 1.44% and the Nasdaq up 12.8% at press time. The CBOE Volatility Index (VIX), on the other hand, lost 1.41% on the day at press time.
Oil futures and indexes are seeing mixed movement today, with WTI Crude up 0.73%, Brent Crude up 0.7% and Mars U.S. up 0.61% at press time. The OPEC Basket is down 1.01% and the Canadian Crude Index has seen no change in its price over the 24 hours by press time, according to OilPrice.