Monday, July 1 — Bitcoin (BTC) lost its grip on the $11,000 price mark earlier today to sink beneath $x,000 at press time. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains, according to information from Coin360.

Equally Cointelegraph reported before, market analysts were expecting a twoscore% correction from the recent highs of around $thirteen,900. The current cost of bitcoin means that this target is now nearly reached.

"$9715 will be the 30% correction for BTC," commented popular trader Josh Rager this morning. He added that a four-digit price is at present a "gift" in the short-term as the overall long-term trend remains bullish.

Market visualization

Market visualization courtesy of Coin360

Bitcoin has lost six.50% over the past 24 hours and is trading nether $nine,900 at press fourth dimension. On its weekly chart, the coin has remained volatile, surging to $thirteen,756 on June 26 and slumping to its current toll as the everyman mark.

Every bit reported Monday, BTC has been profitable equally an investment 98.2% of the days since its creation, per data from holdcalc.com. Counting three,830 days back — to January iv, 2009, i twenty-four hour period after the coin's Genesis Block was hashed — holdcalc'southward data suggests that on 3,671 of these, it was profitable to buy BTC equally an investor.

Bitcoin 7-day price chart

Bitcoin vii-day price chart. Source: Coin360

Coin360 shows that ethereum (ETH) has experienced a drop by roughly 6% on the day to trade at $277 at printing time. The second largest cryptocurrency has seen a driblet of over 12% on its weekly chart, while in terms of its monthly performance ETH is 2.87% in the light-green.

Ether 7-day price chart

Ether vii-day price chart. Source: Coin360

On the top-20 coins list, one of the all-time recent performers Chainlink (LINK) has registered a double-digit loss by well-nigh x% to have its current price at the $three.27 mark. Litecoin (LTC) is down by 6% on the dat and is trading at effectually $115 at press time.

Total market place capitalization of all digital currencies is now nether $300 billion at around $294 billion at press time.

In traditional markets, oil surged today, with U.S. rough futures for August climbing $1.65, or two.8% to $threescore.12 a barrel, according to CNBC. At the aforementioned fourth dimension, financial markets were buoyed by a thawing of U.Due south.-Communist china relations after the countries' leaders agreed to restart merchandise talks.