Bitcoin Falls Under $4,000 as United States Oil Rises

NEWS

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Tuesday, March 26 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, as Bitcoin (BTC) has fallen under $4,000 again.

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Market Visualization Courtesy of Coin360

Bitcoin is down over a percent on the day, trading at around $3,967, according to CoinMarketCap. Looking at its weekly chart, the current price is over two percent lower than $4,060, the price at which Bitcoin started the week.

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Bitcoin 7-day price chart. Source: CoinMarketCap

Recently, crypto bull Tim Draper has given advice to the president of Argentina to legalize Bitcoin in order to improve the economic situation in the country.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.2 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $12.6 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $134, after having started the day at $135 and reporting a mid-day low of $133. On its weekly chart, Ethereum has seen its value increase nearly four and a half percent.

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Ethereum 7-day price chart. Source: CoinMarketCap

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By Adrian Zmudzinski

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