Daily Cryptocurrency Tracker 11.4.19: Cryptos show correction

The cryptocurrency market reverted to losses over the past 24 hours, as all top 10 cryptos were in the red at the time of writing. Half of the top 10 showed losses of 4% or more, while the other half, including Bitcoin, showed more moderate declines. Bitcoin was down around 0.5%, holding above the $5,200 mark.

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Bitcoin Cash drops 6%

After being the clear winner last week, registering the largest gains of all top 10 cryptos, Bitcoin Cash also showed the largest correction over the past 24 hours. At the time of writing, the crypto, currently ranked 6th by market cap, was down more than 6%. After reaching a 5-month high exactly one week ago, Bitcoin Cash is now down more than 6.5% for the past 7 days.

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Coinbase launches crytpo debit card

Coinbase, the world’s largest cryptocurrency exchange, yesterday announced the launch of its own Visa debit card, which will enable its clients in the UK to directly charge their crypto accounts when making payments. According to a press release issued by the exchange, when a customer charges their card, their crypto funds are instantly converted to the relevant fiat currency needed to complete the transaction. The Coinbase Card will support Bitcoin, Ether, Litcoin and other cryptos. The company also released an app to help users manage their payment preferences.

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