The Bitcoin (BTC) fell about 2 percent on Friday, August 3, without finding support to stay above the $ 7,500 barrier for the first time this week.
Market display of Coin360
Cointelegraph and Coin360 indicator data show a sudden drop from $ 7,550 on Friday, with BTC / USD operating around $ 7,363 at the time of this edition.
This figure marks the lowest level of Bitcoin since the end of July, just after prices rose $ 6 100 in a matter of hours.
Weekly price chart of Bitcoin. Source: Bitcoin price index of Cointelegraph
Since then, markets have recovered and fallen, and commentators are anxious to see if support of around $ 7,000 can sustain July's gains.
Today's downward movement accompanies the temporary volatility in the OKEx cryptocurrency exchange, which confirmed that it had injected $ 2 500 BTC in order to stabilize the impending liquidations of futures. The crypto exchange added that it will add a new "anti-tampering policy" on August 4 to prevent such incidents from reoccurring on an even larger scale.
Traditionally, Bitcoin has experienced a bearish pressure in the period immediately prior to the settlement of futures contracts of several operators.
In the altcoins markets, Ethereum (ETH) managed to stop losses compared to Bitcoin, falling around 1.1 percent in the 24 hours after this edition and currently operating at around $ 409.
Weekly Ethereum price chart. Source: Coherelegraph Ethereum Price Index
A Bitcoin Cash (BCH) fared worse, losing around 5 percent in a 24-hour period and trading around $ 713 at the time of this edition.
The Stellar (XLM) and Cardano (ADA) altcoins are also registering minimums among the ten main currencies that appear in CoinMarketCap, with a decline of around 7 and 3 percent, respectively, on the day, and trading at $ 0.25 and $ 0.13 at the time of this edition.
The total market capital is below $ 262 billion at the time of this edition, a value that was last seen on July 16.