Bitcoin was moving north of its critical $10,300 mark, following prolonged losses that were speculated to be attributed to Facebook’s controversy-riddled, Libra, a project that has been at the receiving end of a lot of criticism recently. The latest drop below the psychological level of $10k came a day after US President Donald Trump’s critique on Bitcoin and other cryptocurrencies.

Trump’s tweets garnered a lot of headlines, pulling down the price of Bitcoin and the valuation of the cryptocurrency market significantly. The total market capitalization stood at  $288 billion, at press time, with BTC holding $66.5% dominance in the market.

Despite the recent fall however, many Bitcoin proponents remain bullish about Bitcoin’s long term sentiments. Software pioneer, John McAfee, recently tweeted,

Bitcoin [BTC]

The largest cryptocurrency in the world, Bitcoin rose to a market cap of $191 billion and was priced at $10,790, at press time. The digital asset recorded a 24 hour trading volume of $22.03 billion and appreciated by 5.56% over the last 24 hours.

Source: TradingView

Bitcoin Cash [BCH]

Following a proposition made by Ethereum’s Vitalik Buterin, a proposal which spoke of leveraging Bitcoin Cash blockchain as a short-term scalability solution, Bitcoin’s hard fork coin, Bitcoin Cash was trading high as well. At press time, the crypto-asset’s valuation was at $312.40 after rising by 10% over the day. It had a market cap of $5.59 billion, with a 24-hour trading volume of $1.94 billion

Source: TradingView

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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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