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Crypto Markets Continue Trading in Red, Oil Reports Losses

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Thursday, July 11 — main cryptocurrency markets are buying and selling in the pink zone, with only a few cash reporting reasonable good points, in accordance with Coin360.

Market visualization courtesy of Coin360

The main cryptocurrency, Bitcoin (BTC), has continued coming down after yesterday’s sharp drop to commerce at round $11,740 as of press time. The coin has misplaced 4.39% over the previous 24 hours. During the day, Bitcoin has been buying and selling in a slender hall between $12,191 and $11,377.

As reported earlier in the present day, Bitcoin buying and selling in Zimbabwe has continued to surge after the federal government banned using foreign currency on June 24. The nation is reportedly seeing an increase in peer-to-peer crypto buying and selling as there are not any native exchanges providing crypto transactions because of the present ban on offering such providers enacted by Zimbabwe’s central financial institution in May 2018.

Bitcoin 7-day price chart. Source: Coin360

Bitcoin 7-day worth chart. Source: Coin360

Ether (ETH) has witnessed comparable losses of round 4.67% on the day and is buying and selling at round $273.88 at press time. Today, the biggest altcoin has seen $290.15 as its highest worth level and $261.71 because the lowest.

Ether 7-day price chart. Source: Coin360

Ether 7-day worth chart. Source: Coin360

XRP has reported bigger losses over the previous day, hitting an 8.81% droop to commerce at round $0.329 at press time. The third largest coin is down over 18% on the final 7 days, with month-to-month losses at over 16%.

XRP 7-day price chart. Source: Coin360

XRP 7-day worth chart. Source: Coin360

Bitcoin Cash (BCH), Bitcoin SV (BSV) and TRON (TRX) are presently reporting double-digit losses of over 10%. The exception is Bitfinex’s Unus Sed Leo (LEO), stablecoin Tether (USDT), and Crypto.com Chain (CRO), which gained 0.73%, 0.14%, and seven.38% respectively.

Total market capitalization of all digital currencies is over $317 billion at press time, whereas the every day buying and selling quantity is round $95 billion.

In conventional markets, Brent crude futures fell 39 cents to $66.61 a barrel, and U.S. West Texas Intermediate (WTI) crude futures dipped 23 cents, or 0.4%, to settle at $60.20 a barrel, after hitting their highest since May 23 at $60.94.

Keep observe of high crypto markets in actual time here

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