<img width="1600" height="822" src="https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f.png" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" srcset="https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f.png 1600w, https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f-768x395.png 768w, https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f-696x358.png 696w, https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f-1068x549.png 1068w, https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f-818x420.png 818w, https://thebitcoinnews.com/wp-content/uploads/2018/08/f3e514530010b233ff3df9d37e83b29f-450x231.png 450w" sizes="(max-width: 1600px) 100vw, 1600px" /><br/><p dir="ltr">August 1: Crypto assets have seen a second day of losses, with <a href="https://cointelegraph.com/bitcoin-price-index">Bitcoin</a> (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from <a href="https://coin360.io/" rel="nofollow,noopener" target="_blank">Coin360</a>.</p>
<p dir="ltr">
<p dir="ltr"><em>Market visualization from <a href="https://coin360.io/" rel="nofollow,noopener" target="_blank">Coin360</a></em></p>
<p dir="ltr"><a href="https://cointelegraph.com/bitcoin-price-index">Bitcoin</a> (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin&#8217;s <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/bitcoin-holds-recent-gains-amid-a-checkered-market-outlook/amp" href="https://cointelegraph.com/news/bitcoin-holds-recent-gains-amid-a-checkered-market-outlook">July 25 peak</a> at $8,431, the leading cryptocurrency dipped down below $8,000 <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/bitcoin-dips-below-8-000-amid-market-wide-losses/amp" href="https://cointelegraph.com/news/bitcoin-dips-below-8-000-amid-market-wide-losses">yesterday</a> for the third time this week. The coin saw another sharp drop this morning, before trading sideways.</p>
<p><img alt="Bitcoin&#8217;s 7-day price chart. Source: Cointelegraph Bitcoin Price Index" src="https://s3.cointelegraph.com/storage/uploads/view/4302e97c9b8830118df28351bf30592c.png" title="Bitcoin&#8217;s 7-day price chart. Source: Cointelegraph Bitcoin Price Index" /><br/></p>
<p dir="ltr"><em>Bitcoin&#8217;s 7-day price chart. Source: Cointelegraph <a href="https://cointelegraph.com/bitcoin-price-index">Bitcoin Price Index</a></em></p>
<p dir="ltr">Bitcoin&#8217;s weekly price performance is now down by around 9.3 percent, but monthly growth remains a solid 17.74 percent.</p>
<p dir="ltr"><a href="https://cointelegraph.com/ethereum-price-index">Ethereum</a> (ETH) has seen heftier losses on the day, down a solid 5 percent to trade around $411 at press time. The leading altcoin lost around $19 in value during early trading hours, traded sideways around $425, and then dropped to see an intra-day low of $410 an hour before press time. Ethereum&#8217;s weekly price performance is around 13.61 percent in the negative, having seen a more gradual but sustained downward trend than Bitcoin over the same time frame. Ethereum&#8217;s monthly losses are almost 11 percent.</p>
<p dir="ltr"><img alt="Ethereum&#8217;s 7-day price chart. Source: Cointelegraph Ethereum Price Index" src="https://s3.cointelegraph.com/storage/uploads/view/ecc4fd78c5e8143c71bb3c1e199e6cf8.png" title="Ethereum&#8217;s 7-day price chart. Source: Cointelegraph Ethereum Price Index" /><br/></p>
<p dir="ltr"><em>Ethereum&#8217;s 7-day price chart. Source: Cointelegraph <a href="https://cointelegraph.com/ethereum-price-index">Ethereum Price Index</a></em></p>
<p dir="ltr">On <a href="https://coinmarketcap.com/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a>&#8217;s listings, most of the top 10 coins by market cap are down between 1 and 5 percent on the day.</p>
<p dir="ltr"><a href="https://coinmarketcap.com/currencies/ripple/" rel="nofollow,noopener" target="_blank">Ripple</a> (XRP) is the only outlier, up 1.6 percent and seeing a spike in price earlier today, despite trading downwards most of the week. The coin is currently trading at $0.44 to press time. The asset&#8217;s relatively strong performance has perhaps been buoyed by yesterday&#8217;s news that the 42nd President of the United States <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/bill-clinton/amp" href="https://cointelegraph.com/tags/bill-clinton">Bill Clinton</a> will be the <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/former-us-president-bill-clinton-to-give-keynote-speech-at-ripples-fall-tech-conference/amp" href="https://cointelegraph.com/news/former-us-president-bill-clinton-to-give-keynote-speech-at-ripples-fall-tech-conference">keynote speaker</a> to kick off Ripple&#8217;s global payments tech conference, Swell, this fall.</p>
<p dir="ltr"><img alt="Ripple&#8217;s 7-day price chart. Source: CoinMarketCap" src="https://s3.cointelegraph.com/storage/uploads/view/6cbadb0412e4cb21d2b68eb6bba0079b.png" title="Ripple&#8217;s 7-day price chart. Source: CoinMarketCap" /><br/></p>
<p dir="ltr"><em>Ripple&#8217;s 7-day price chart. Source:&#160;<a href="https://coinmarketcap.com/currencies/ripple/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a></em></p>
<p dir="ltr">After Ethereum, <a href="https://coinmarketcap.com/currencies/litecoin/" rel="nofollow,noopener" target="_blank">Litecoin</a> &#160;(LTC) and <a href="https://coinmarketcap.com/currencies/eos/" rel="nofollow,noopener" target="_blank">EOS</a> (EOS) have seen the most losses of the top ten coins, both down 3.45 percent on the day to press time.</p>
<p dir="ltr">Among the top twenty coins by market cap, <a href="https://coinmarketcap.com/currencies/dash/" rel="nofollow,noopener" target="_blank">Dash</a> and <a href="https://coinmarketcap.com/currencies/monero/" rel="nofollow,noopener" target="_blank">Monero</a> (XMR) are trading the most stably, both currently up less than 1 percent.</p>
<p dir="ltr">Total market capitalization of all cryptocurrencies has inched yet further downwards on the day, at $268.4 billion to press time &#8211;&#8211; $8 billion lost over the 24-hour period.</p>
<p><img alt="1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap" src="https://s3.cointelegraph.com/storage/uploads/view/48ad51c91f2e3a3aa7f7e709747da62f.png" title="1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap" /><br/></p>
<p dir="ltr"><em>1-day chart of the total market capitalization of all cryptocurrencies from <a href="https://coinmarketcap.com/charts/" rel="nofollow,noopener" target="_blank">CoinMarketCap</a></em></p>
<p dir="ltr">While the markets have seen their second, faltering day of continued losses, recent news indicates that the distance between the crypto industry and major institutional players continues to narrow.</p>
<p dir="ltr">Yesterday, Northern Trust Corp., a global asset management firm with $954 billion in total assets under management, <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/asset-management-firm-northern-trust-to-start-crypto-custody-business/amp" href="https://cointelegraph.com/news/asset-management-firm-northern-trust-to-start-crypto-custody-business">revealed</a> its plans to start a custody service for digital assets.</p>
<p dir="ltr">Meanwhile, news of <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/morgan-stanley/amp" href="https://cointelegraph.com/tags/morgan-stanley">Morgan Stanley</a>&#8217;s <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/morgan-stanley-hires-credit-suisse-crypto-expert-as-head-of-digital-asset-markets/amp" href="https://cointelegraph.com/news/morgan-stanley-hires-credit-suisse-crypto-expert-as-head-of-digital-asset-markets">recruitment</a> of a self-described crypto trading expert and 12-year veteran of <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/credit-suisse/amp" href="https://cointelegraph.com/tags/credit-suisse">Credit Suisse</a> as its new head of digital asset markets suggests that the trend of figures leaving the traditional financial sector for crypto continues.</p>
<p dir="ltr">A major new report from the <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/blockchain/amp" href="https://cointelegraph.com/tags/blockchain">U.S</a>. Treasury Department published yesterday <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/us-treasury-dept-fintech-innovation-report-touches-on-crypto-blockchain/amp" href="https://cointelegraph.com/news/us-treasury-dept-fintech-innovation-report-touches-on-crypto-blockchain">revealed</a> a strong concern that the U.S. keep pace with innovation and tailor its regulations to accommodate disruptive financial technologies, including <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/cryptocurrencies/amp" href="https://cointelegraph.com/tags/cryptocurrencies">cryptocurrencies</a> and <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/blockchain/amp" href="https://cointelegraph.com/tags/blockchain">blockchain</a>.</p>
<p>Skeptics remain, however, with Nobel Prize winning economist Paul Krugman <a data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/nobel-prize-winning-economist-paul-krugman-expresses-skepticism-about-crypto-predicts-collapse/amp" href="https://cointelegraph.com/news/nobel-prize-winning-economist-paul-krugman-expresses-skepticism-about-crypto-predicts-collapse">suggesting</a> in a New York Times Opinion piece yesterday that &#8220;total collapse&#8221; for &#8220;un-tethered&#8221; crypto-assets &#8220;is a real possibility.&#8221;</p>
<p>&#160;</p>
<p>source: <a href="https://cointelegraph.com/news/bitcoin-dips-below-7-500-as-crypto-markets-see-second-day-of-losses" target="_blank" rel="nofollow noopener">https://cointelegraph.com/news/bitcoin-dips-below-7-500-as-crypto-markets-see-second-day-of-losses</a></p>
<p>Post source: <a rel="nofollow" href="https://thebitcoinnews.com/bitcoin-dips-below-7500-%d0%b0s-crypto-markets-see-second-day-of-losses/">Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses</a></p>