Bitcoin and Altcoin Rates are Falling, XRP is Growing

Recently, the cryptocurrency market has shown a negative trend: Bitcoin (BTC) is trading below $8,000 and altcoins significantly lose in value.

After falling below the price mark of $8,000, BTC continued to decline and is now trading at $7,824.37, down 3.22% per day, then it`s rate briefly rose to $8050 and dropped again.

Bitcoin 7-day price chart. Source: Coin360

The largest altcoin by market capitalization Etherium (ETH) is experiencing similar losses, down 3.13% per day, trading at $169.83.

Etherium 7-day price chart. Source: Coin360

Meanwhile, the XRP – Ripple token in the payment network remains relatively stable. A payment-oriented cryptocurrency rose by almost 6% per day, trading at $0.254.

XRP 7 day price chart. Source: Coin360

The capitalization of the entire cryptocurrency market currently amounts to around 210 billion US dollars, which is slightly lower than the level that began at the beginning of the seven-day period.

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