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Bitcoin Drops Below $3,400 Again, The Top 20 Cryptocurrencies Report Slight Losses

Stefan by Stefan
06/02/2019
in Bitcoin News
Reading Time: 1 min read
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Most of the top 20 cryptocurrencies are showing signs of slight losses but Bitcoin seems to have left its previous long-maintained position and has fallen under the $3,400 mark once again according to the data we have in our bitcoin news today.

Currently, Bitcoin is down by 1.97 percent and is trading at $3,381 and in comparison with the weekly chart; the price is lower by 3 percent to where it was at the start of the week.

Ripple, on the other hand, has lost over 1 percent over the past 24 hours and is currently trading at around $0.230. That shows us that the currency price of XRP is lower by more than 9 percent to where it was a week ago when it was trading at $0.318.

The second largest cryptocurrency by market cap-Ethereum has seen slight losses as well by nearly 4 percent over the past 24 hours. It is currently trading around $103 after its position at $107. In comparison, the price of ETH has dropped by more than 6 percent since the week started.

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Among the top 20 cryptocurrencies, Binance Coin seems to be doing a good job since it is the only one that is experiencing growth by up to 14 percent and is now on the 10th place according to CoinMarkerCap data. Binance has added support for credit card crypto purchases on its platform very recently and made another partnership with the payment processor Simplex.

When we look at the traditional markets for a moment, we can see that the stock market unlike the crypto one is seeing steady growth.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: $320%400AgainBelowBitcoincryptocurrenciesdropslossesReportSLightthetop
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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