Bitcoin Breaks $12,500 as US Stock Market Sees Minor Downturn

Tuesday, July 9 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $12,500 mark again.

Market visualization courtesy of Coin360

Bitcoin is currently up by nearly 6% on the day, trading around $12,545 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 15.64%.

Bitcoin 7-day price chart. Source: Coin360

A Twitter account of a Bitcoin enthusiast pointed out earlier today that, on major cryptocurrency exchange Binance, a user sold about 7,350 BTC, equivalent to about $92.2 million at press time, all in a single order.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $32.9 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.6 billion at press time.

Coin360 data shows that ETH has seen its value increase by about 1% over the last 24 hours. At press time, ETH is trading around $309. On the week, the coin has also lost nearly 4.85% of its value. 

Ether 7-day price chart. Source: Coin360

XRP is down by about 1.38% over the last 24 hours and is currently trading at around $0.394. On the week, the coin is down about 3.04%.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the one reporting the most notable price action is Chainlink (LINK), which is over 10% down at press time.

At press time, the total market capitalization of all cryptocurrencies is $348.2 billion, almost 12% higher than the value it reported a week ago.

As Cointelegraph reported earlier today, South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office.

In traditional markets, the US stock market is seeing slight losses so far today, with the S&P 500 down 0.04% and the Nasdaq up 0.38% at press time. The CBOE Volatility Index (VIX), on the other hand, has gained 0.72% on the day at press time.

Major oil futures and indexes are seeing discreet gains today, with WTI Crude up 0.47%, Brent Crude up 0.33% and Mars US up 0.5% at press time. The OPEC Basket is up 0.19% and the Canadian Crude Index has gained 1.09% over the 24 hours by press time, according to OilPrice.