Bitcoin Goes Below $11,450 as US Stock Market Falls a Bit

By Jamie Green – Cryptocurrency Investor

Many of the world’s top cryptocurrencies have reported losses, including Bitcoin (BTC), which went under the $11,450 level once more.

At the moment, according to Coin360, Bitcoin is down by 1% since yesterday, trading at approximately $11,430 at time of writing. When taking the weekly chart into account, the coin is up by about 3.8% suggesting there is still an increase in buying and selling Bitcoin.

As it was reported yesterday by CoinTelegraph, the Chairman of the United States Federal Reserve claims that no ones buying Bitcoin to purchase anything. He also said that Bitcoin is a speculative asset much like gold.

Ether (ETH) still maintains its stance as the largest altcoin by market cap, which is presently at $28.7 billion. Ripple’s XRP, the second-largest altcoin which has a market cap of $14 billion at the time of writing.

ETH’s value, according to Coin360’s data, has gone down by nearly 1% in the last 24 hours. ETH is trading at about $269 at press time. Over the week, the coin lost about 7% of its value which again suggests a higher number of trades and exchanges to sell Ethereum.

XRP is down by at least 3.87% in the past 24 hours and is presently trading at about $0.333. Over the week, the coin is down about 14.11% suggesting a higher number of trades to sell XRP.

From the top 20 cryptocurrencies, the only ones that reported any gains were Chainlink (LINK), up by 3.8%, Monero (XMR), up over 1.5% and Cardano (ADA), which increased by a fraction of a percent.

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