Bitcoin Approaches $11,500 as Top Cryptos See Gains
Most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $11,500 mark. Bitcoin is currently up by about three percent on the day, trading around $11,486 at press time, according to Coin360. According to a recent report released by major cryptocurrency exchange Binance, bitcoin has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run.
At press time, the total market capitalization of all cryptocurrencies is $327 billion, over 4.92% lower than the value it reported a week ago.