Major Coins Show Poor Performance, With Ethereum Dipping Below $100
Bitcoin (BTC) is down 9.36 percent in the day, seeing a high of $3924, and low of $3250. At press time, the major cryptocurrency is trading around $3420. On its weekly chart, BTC is at its lowest point over the past seven days, down 18.32 percent, while the coin's monthly statistics show grim 50.13 percent losses.
The second largest virtual currency by market capitalization Ripple (XRP) is trading at $0.304 at press time, down 4.20 percent on the day. The altcoin's market cap is around $11.69 billion, while its weekly high point was $15.3 on Nov. 30, according to CoinMarketCap.
BTC is at its lowest point over the past seven days, down 18.32 percent
Ethereum has lost 13.2 percent in the last 24 hours, dipping below the $100 mark for the first time during the past month. The coin is trading around $93.15 as of press time. ETH's market cap is $9.65 billion at press time.
Top 10 coin EOS has registered major losses on the day. The altcoin is down over by 24 percent during the last 24 hours and is trading at around $1.74 at press time.
The Bitcoin Cash hard fork has been followed by a lawsuit filed by Florida-based United American Corporation against crypto exchanges Bitmain, Kraken, Bitcoin.com, and BCH evangelist Roger Ver. The lawsuit claimed that they were engaged in unfair methods of competition that were detrimental to UnitedCorp and it's other stakeholders.
Bitcoin SV (BSV), in turn, has seen notable daily gains of 22.5 percent, and is trading at $100.87 at press time.
Also, the United American Corp. claims that during the hard fork, there were entities that took control of the network using "rented hashing" to facilitate the adoption of Bitcoin ABC, while "no person or entity can be allowed to control them."
Bitcoin SV (BSV), in turn, has seen notable daily gains of 22.5 percent, and is trading at $100.87 at press time. BSV's maximum supply is 21 million, while its market capitalization is around $1.76 billion at press time.
Today's major losers also include Bitcoin Cash and Litecoin, which are down by 14 percent and 17 percent.
The total market capitalization of all cryptocurrencies is around $109 billion at press time. On its monthly chart, total market cap has been showing a steady downtrend.