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Bitcoin Price Drops Again Whilst BSV Takes Biggest Hit After USCO Snubbed Craig Wright

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Thu, 05/23/2019 - 05:59
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Cover image via U.Today
Contents

According to data provided by CoinMarketCap, the Bitcoin price dropped by more than 3 percent after failing to break above the $8,000 resistance level. Subsequently, it took a toll on the broader cryptocurrency market.   

The top coins have been painted red  
The crypto market endures a correction, image by CoinMarketCap  

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Altcoins trim their gains

 As expected, all altcoins appeared in the red after the Bitcoin dropped back to the $7,600 level. Cardano appears to be the biggest loser inside the top 10 with an 8.36 percent price decrease.

Matic and Fetch, the two Binance-backed coins, are among very few cryptocurrencies that are currently in the green MATIC, for instance, recorded a 15.17 percent price uptick, winning back its place inside the CMC top 100.     

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Matic and Fetch Prices TANK Really Hard. Will They Recover? - READ MORE

No endorsement for Craig Wright

Meanwhile, Craig Wright’s Bitcoin SV recorded a double-digit drop over the last 24 hours, ending up among the worst performing currencies inside the top 20.

As reported by U.Today, the self-proclaimed Satoshi recently copyrighted the Bitcoin white paper, which made the BSV price spike by a whopping 90 percent. However, the U.S. Copyright Office recently denied the fact that it acknowledged Wright as the creator of Bitcoin.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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