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

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

May 13, 2019

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%.

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