Crypto Markets Retreat Into Red Arrows, Bitcoin Briefly Surpassed $7,500

Investing, News | May 13, 2019 By:

The crypto markets were dragged back into negative territory today, with most of the top ten coins showing moderate losses.

The price of bitcoin briefly surpassed the $7,500 mark over the weekend, initiating a promising rally from around 6,379. In the past 24 hours, the value of bitcoin has retraced from $7,500 to $7,000. In early trading, the most popular coin is down 3.41% at $7,060 per coin.

The only outlier on the day is Binance Coin, up almost 10 percent at around $23. The rest of the top ten coins are seeing losses between 0.42% and 4.59%.