14,50As we are approaching the end of another unfavorable week for cryptocurrencies, this Sunday we are seeing a slight surge, leading to the top ten coins by market cap up by one to three percent in 24 hours to press time.
After being down about half a percent on Saturday, Bitcoin slightly rebounded and measured 0.80% gains over the past 24 hours. Currently, it is trading at $6,532 and has seen significant fluctuation this week, coming down from $7,623 on June 10th to as low as $6,267 on June 13th. As of today, the coin has retraced some of the losses.
The Ethereum price has been down by a similar margin over the past week. Even though it fell below $500, it is currently trading around the $500 threshold at press time with a market cap of $50.4 billion.
Speaking of market caps, the total cryptocurrency market cap still remains somewhat low. Currently, it sits at $281 billion with around $60 billion lost this week alone.
The strongest decline was seen by EOS which remains one of the more affected coins among the top ten – the altcoin has shed about 3% in 24 hours and is currently trading at $10.68. This is mainly because of the ‘frozen’ EOS mainnet which has been experiencing problems lately.
Ethereum Classic was one of the altcoins that surged by 4% in the past 24 hours, trading at around $14,50 right now.
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