Bitcoin Hovers Over $7,000 as Top Cryptos See Mild Correction

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Sunday, May 12 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) holds over the $7,000 mark.Market visualization courtesy of Coin360Bitcoin is down about 1.5 percent on the day, trading at $7,040 at press time, according to CoinMarketCap. Still, BTC is also over six percent down from its mid-day high of $7,500. Looking at its weekly chart, the coin is up nearly 23%.Bitcoin 7-day price chart. Source: CoinMarketCapEther (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $20 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $13.4 billion at press time.CoinMarketCap data shows that ETH is down over 2.25% over the last 24 hours. At press time, ETH is trading around $189. On the week, the coin has also seen its value increase by over 16%.Ether 7-day price…

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