Ripple rises 6%, Bitcoin lost $20K level

Bitcoin’s price went through a somewhat surprising drop yesterday when the US announced the September jobs report, which was better than expected.

Most altcoins are also in the red now, with the obvious exception of Ripple. XRP has stolen the show once again, rising by nearly 7%.

Bitcoin lost the $20K mark

Ever since the Oct. 3 crash to below $19,000, the landscape surrounding the primary cryptocurrency has been quite positive. The asset had bounced off that level and even jumped past $20,000.

This resulted in a price surge to a three-week high of $20,500. BTC stopped there, but stayed above $20,000 for a few days straight. However, the situation changed yesterday after the US jobs report, which beat expectations only slightly.

While some are still debating why that might be, within minutes bitcoin fell by nearly $1,000. Still, it managed to defend $19,000 and now stands in familiar territory between that level and $20,000.

Consequently, its market cap has fallen below $375 billion, and its dominance over altcoins has taken a minor hit, dropping to 39.6%.

XRP stands out

Most altcoins have mimicked BTC’s performance and are slightly in the red. Ethereum is down about 2% daily, but it’s still north of $1,300.

Binance Coin fell hard yesterday after the hack against BNB Chain. While the network has been restored, the native cryptocurrency is down a few percent to $281.

Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, MATIC, Tron and Uniswap are also in the red from the big alts.

The only exception to the top 10 is Ripple. XRP has jumped 6% in a day and is trading above $0.5.

The cumulative market cap of all crypto assets has seen several billions lost in a single day, and is down to just under $950 billion on CoinMarketCap.