Hours Before Bakkt: Top-20 Cryptos See Major Losses, but Bitcoin Is Up
Helen Partz's original article for cointelegraph.com reduced by 50%
Bitcoin is the only cryptocurrency out of the top 20 that is attempting to gain momentum today, while the rest are seeing major losses, with some dropping over 7% in the 24 hours prior to press time. At press time, Bitcoin is up around 0.6% and is trading at $10,014. Still down nearly 3% over the past 7 days, Bitcoin has seen its dominance on the market edging up almost 1% on the day to account for 68.3% at press time.
Over the past 7 days, the top altcoin is still up 9.5%, following a major bullish move earlier this week. XRP, the third-largest cryptocurrency by market cap, dropped nearly 6% over the past 24 hours and is trading at $0.272 at press time. The current state of the market could be the start of a new bull market, according to Bitcoin investor and entrepreneur Willy Woo.
As reported by Fortune, the new wave of red on the market comes just some hours before the launch of Bakkt's physically delivered Bitcoin futures, one of the most anticipated events in the industry so far.
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