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The largest cryptocurrency in the market – Bitcoin – tumbled below the $11,000 mark earlier today, reaching a low of $10,880.05 on Coinbase. According to CoinMarketCap, the cryptocurrency continues to rule the market with a whopping 68.5 percent dominance, but has recorded a loss of over 6 percent in the past seven days. At press time, the largest cryptocurrency was pictured trading at $10,883, while its aggregated value stood at $11,043 on CMC.
Source: TradingView
Notably, the king coin was not the only digital currency to record negative numbers in the market. Other leading cryptocurrencies such as Ethereum, XRP and Litecoin have also recorded a significant drop in the market.
The second largest cryptocurrency by market cap – Ethereum – saw a drop of over 9 percent over the last seven days, with the coin being trading at $207.68. However, the coin that recorded the highest drop among the top 20 was Litecoin as it was at a negative of over 11 percent in the past seven days. The cryptocurrency was trading at $84.26 with a market cap of $5.31 billion.