BTC markets sideways, another 20 major coins see other major losses

Thursday 2 August: Bitcoin (BTC) and Ethereum (ETH) exchange around yesterday's levels, while the other first 20 coins are recording significant losses, according to Coinmarketcap data

Bitcoin (BTC) is up 0.3% over the last 24 hours and traded at $ 7,579 at the time of printing after testing a slight rebound today. The most important cryptocurrency continues to trade sideways, with an intraday minimum of $ 7,451, according to the Cointelegraph Bitcoin Price Index. As Cointelegraph reported in an earlier market analysis, if Bitcoin breaks $ 7,750 resistance, the move may extend further to $ 8,400.

24-hour bitcoin price graph Source: Cointelegraph Bitcoin price index

Ethereum (ETH) drops to 1.03 %, trading at $ 411 at the time of printing. high intraday of $ 423 before seeing a gradual decline.

Crypto commercializes the Analyst Trading Room suggested on Twitter that if Ethereum plunged $ 350, this would cause a further downward trend through other altcoins. However, the Bitcoin would presumably be " Detached from the chaos "

Ethereum 24-hour price chart. Source: Cointelegraph Ethereum Price Index

Total market capitalization stands at around $ 267 billion, showing a slight decline by the day following a peak of $ 275 billion.

24-hour total market capitalization graph Source: Coinmarketcap

Bitcoin is progressively removing altcoins from the market, reaching over 48% of the dominant market position.

[19659003] Percentage of total capitalization (dominant position) Source: Coinmarketcap

VeChain (VEN) suffered the most losses in the last 24 hours in the top 20 coins after the recent launch of the own main and mobile portfolio The currency lost almost 11 percent and traded at $ 1.76 at the time of the press, down nearly 23 percent from last week.

Tezos (XTZ) sees losses slightly lower, down 6.65 percent and trade at $ 1.68 today.

While Bitcoin Cash (BCH) now reports losses of around 2.5%, the number of BCH transactions exceeded for the first time here Bitcoin transactions. Yesterday, BCH celebrated its first birthday, after a blow from Bitcoin's blockchain on August 1 last year.

Bitcoin and Bitcoin Cash Transactions Historical Chart (Dominance) Source: Bitinfocharts

Previously, the Square payments service recorded over $ 70 million of Bitcoin revenues in the first half of 2018. Company from Crypto grew $ 37 million in Q2 2018 compared to $ 34 million in the first quarter. Bitcoin trading was launched on its app in November 2017.

On July 31, the Japanese financial conglomerate SBI Holdings announced that it will acquire a 12% stake in the United States. An electronic trading platform operator based on Clear Markets to introduce a derivative encryption trading platform.