As at press time, most of the top 20 cryptocurrencies are reporting moderate losses on the day. Bitcoin (BTC) still holds over the $8,000 mark, with minor gains on the day.
Bitcoin is over .5% down on the day, trading at $8,669 at press time, according to CoinMarketCap. From its weekly chart, the coin is up about 8.55%.
The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase. This indicates significant accumulation during the price dip.
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.6 billion. The second-largest altcoin, XRP, has a market cap of $18.5 billion at press time.
Data shows that ETH has seen no movement over the last 24 hours. At press time, ETH is trading around $270. The coin’s value has increased by almost 6% in the week.