Bitcoin Cryptocurrency Stumbled and Dips Below $7,500

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On August 1, cryptocurrency fell for the second consecutive day. Bitcoin continued to fall below $7,500 after falling below $8,000.

Bitcoin closed at $7,490, down about 3% in 24 hours, and Bitcoin reached $8431 on July 25 but has fallen below $7,500 with the third decline this week. However, while writing this article Bitcoin was $7650.00

On a weekly basis, Bitcoin fell 9.3% this week, and Bitcoin still rose 17.74 on a monthly basis.


Ethereum (ETH) fell slightly more than Bitcoin, falling 5% in 24 hours to close at $411. This week, Ethereum fell more than 13%, and Ethereum fell nearly 11% this month.

The top ten cryptocurrencies, calculated by market capitalization, fell almost entirely, ranging from 1% to 5%.

It is worth mentioning that Ripple Coin (XRP), although it has been falling for most of this week, rose 1.6% against the trend yesterday and closed at $0.44. It may be because the former US President Clinton announced that he would become the keynote speaker of this fall Ripple meeting.


Sarbasish Basu
From B.Tech (Hons.) Electronics & Instrumentation Engineer to Photography and Writing blogs; he ultimately has answers to everything. Oh, and he's also quite good in rapidly building a relationship and set up the trust; his articles are proof of that...


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