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


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

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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