According to data provided by CoinMarketCap, the Bitcoin price dropped by more than 3 percent after failing to break above the $8,000 resistance level. Subsequently, it took a toll on the broader cryptocurrency market.
Altcoins trim their gains
As expected, all altcoins appeared in the red after the Bitcoin dropped back to the $7,600 level. Cardano appears to be the biggest loser inside the top 10 with an 8.36 percent price decrease.
Matic and Fetch, the two Binance-backed coins, are among very few cryptocurrencies that are currently in the green MATIC, for instance, recorded a 15.17 percent price uptick, winning back its place inside the CMC top 100.
No endorsement for Craig Wright
Meanwhile, Craig Wright’s Bitcoin SV recorded a double-digit drop over the last 24 hours, ending up among the worst performing currencies inside the top 20.
As reported by U.Today, the self-proclaimed Satoshi recently copyrighted the Bitcoin white paper, which made the BSV price spike by a whopping 90 percent. However, the U.S. Copyright Office recently denied the fact that it acknowledged Wright as the creator of Bitcoin.
Alex Dovbnya
Caroline Amosun
Godfrey Benjamin
Tomiwabold Olajide
Denys Serhiichuk
