Sunday, May 12 - almost all of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) holds over the $7,000 mark.Bitcoin is down about 1.5 percent on the day, trading at $7,040 at press time, according to CoinMarketCap. Still, BTC is also over six percent down from its mid-day high of $7,500. Considering its weekly chart, the coin is up nearly 23%.
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $20 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $13.4 billion at press time.
CoinMarketCap data shows that ETH is down over 2.25% within the last 24 hours. At press time, ETH is trading around $189. On the week, the coin has also seen its value increase by over 16%.
CEO of crypto analytics firm Messari Ryan Selkis recently forecasted that Ethereum version 2.0’s move to proof-of-stake (PoS) will not occur until 2021.
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