Monday, July 9: crypto markets are mainly seeing red today, with total market capitalization down almost $15 billion from yesterday’s high, according to data from Coinmarketcap[1].
Market visualization from Coin360[2]
Bitcoin (BTC) is down 1.49 percent over the 24 hour period, trading at $6,672 at press time, according to the Cointelegraph price index.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[3]
Ethereum (ETH) has seen bigger losses over the past 24 hours, down 3.46 percent, and trading at around $467 at press time.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[4]
Total market capitalization is above $265 billion, down from yesterday’s high of $280 billion.
Total market capitalization chart. Source: Coinmarketcap[5]
EOS[6] has seen the biggest losses over the past 24 hours among the top ten cryptocurrencies. The fifth largest altcoin by market cap is down 11.94 percent, trading at $7.59 at press time. The coin is down over 13 percent in the past week.
On July 8, EOS’ top block producer, EOS New York, tweeted[7] to notify users that a number of block producers crashed due to RAM overload. In a subsequent comment, EOS New York clarified that “the network is live and did not experience any disruption.”
Tezos[8] (XTZ) is the one of the few cryptocurrencies that has seen gains over the 24 hour period, up over 9 percent and trading at $2.33[9] at press time. The Tezos Foundation launched[10] its beta network on June 30, despite existing controversy[11] around the project.
