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Most of the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin breaks the $11,800 mark again.

The top 20cryptocurrenciesare seeing mixed movements as Bitcoin (BTC) suddenly flash crashed in minutes from $12,300 to as nearly $11,600.

Nevertheless, Bitcoin price is still currently up by 1.5% on the day, trading at around$11,813at press time, according toCoin360. Looking at its weekly chart, the coin is up by about 24.33%.

As Cointelegraphreportedyesterday, the CEO of crypto payments firm Circle, Jeremy Allaire, suggested that macroeconomic turmoil is responsible for Bitcoins recent growth.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $24.5 billion. The second-largest altcoin,XRP, has a market cap of $13.6 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 0.86% over the last 24 hours. At press time, ETH is trading around $231. On the week, the coin has also gained about 10% of its value.

XRP is up by about 0.15% over the last 24 hours and is currently trading at around$0.322. On the week, the coin is up about 4.2%.

Among the top 20 cryptocurrencies, the one reporting the most notable losses is Litecoin (LTC), which is down 7.1% at press time.

At press time, thetotal market capitalizationof all cryptocurrencies is $310 billion, about 17.91% lower than the value it reported a week ago.

In traditional markets, the U.S. stock market is seeing losses so far today, with theS&P 500down 2.98% and theNasdaqdown 3.47% at press time. The CBOE Volatility Index (VIX), on the other hand, has lost 10.91% on the day at press time.

Major oil futures and indexes are seeing mild losses today, with WTI Crude up 0.27%, Brent Crude up 0.05% and Mars US down 2.48% at press time. The OPEC Basket is down 3.2% and the Canadian Crude Index has lost 3.19% over the 24 hours by press time, according toOilPrice.

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk – this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.

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