July 31: Crypto assets are posting market-wide losses on the day, with Bitcoin[1] (BTC) dipping back below the $8,000[2] psychological price point and virtually all coins in the red, according to data from Coin360[3].
Market visualization from Coin360[4]
Bitcoin[5] (BTC) is trading around $7,857 to press time, down around 3 percent on the day. Since its July 25 peak at $8,431, the leading cryptocurrency has been testing support at $8,200 over the past few days, dipping down below $8,000 today for the third time this week.
Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index[6]
Bitcoin’s weekly price performance is now in the red, down around 4 percent, but monthly growth remains around a bullish 22 percent.
Ethereum[7] (ETH) is trading around $432 at press time, down around 5.7 percent on the day. The altcoin has taken a steep hit, losing over $40 in value since early trading hours, $14 of which it lost within the 90 minutes before press time. Ethereum’s weekly and monthly price performance are now around 10 and 5 percent in the negative.
Ethereum’s 24-hour price chart. Source: Cointelegraph Ethereum Price Index[8]
On CoinMarketCap[9]’s listings, all of the top 10 coins by market cap are down between 3 and 11 percent on the day.
EOS[10] has been hit with the heftiest loss among the top ten, losing almost 11 percent on the day and trading around $7.28 to press time. Cardano[11] (ADA) has lost almost as much, down 10.3 percent over a 24 hour period and trading
