Bitcoin drops to $10,600 as the market continues bleeding

01 Jul, 2019
by Richard Allen
Price Action
Bitcoin drops to $10,600 as the market continues bleeding

The crypto market has continued its correction as Bitcoin has dipped below $11,000 while several prominent altcoins are seeing double-digit losses.

At the time of writing, Bitcoin is recording losses of 7.76%, bring the asset’s value down to $10,636.30. Ethereum is currently trading at $287.33, a loss of just under 5%. Meanwhile, Bitcoin Cash and EOS are both in the red over 6%, bringing their values to $395.43 and $5.73 respectively. Litecoin is the top 10’s biggest loser, shedding 9.08% over the last 24 hours, now trading at $119.02.

BTC/USD chart provided by Tradingview

The top 20 hasn’t been spared either as most of the projects are recording losses of over 5%. Monero and Dash are in the red close to 6%, trading at $89.36 and $154.22 respectively. Chainlink is recording the biggest losses across the market as the project tanks 18.62%. LINK is now worth $3.25.

One of the few projects to escape the bloodshed is Ren, becoming the highest earner today with gains exceeding 20%. Komodo is another notable earner, up 9.63% over the last 24 hours while Holo follows with 6.55% in the green.

Total market cap is sitting at $309.8 billion while BTC dominance remains steady at 61.3%.

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