Bitcoin Dips Below $8,000 Amid Market-Wide Losses

July 31: Crypto assets are posting market-wide losses on the day, with Bitcoin dipping back below the $8,000 psychological price point and virtually all coins in the red, according to data from Coin360.

Bitcoin is trading around $7,857 to press time, down around 3 percent on the day.

Bitcoin's weekly price performance is now in the red, down around 4 percent, but monthly growth remains around a bullish 22 percent.

Ethereum is trading around $432 at press time, down around 5.7 percent on the day.

EOS has been hit with the heftiest loss among the top ten, losing almost 11 percent on the day and trading around $7.28 to press time.

Cardano has lost almost as much, down 10.3 percent over a 24 hour period and trading around $0.14 to press time, with Stellar down almost 9 percent at around $0.27 per coin.

More modest losses have been posted by Ripple, down around 3.3 percent at $0.43 and Bitcoin Cash, also down almost 3.3 percent to trade at $787 to press time.

Around $10 billion has been wiped from the total market capitalization of all cryptocurrencies on the day.

After a weekly high of $303.7 billion, total market cap is now around $281 billion.

Yesterday, figures cited by Fortune for crypto mining hardware giant Bitmain suggested the firm earned around $1 billion in net profit in the first quarter of 2018, with an estimated $2 to $3 billion in future profit for the entire year.