Bitcoin and Ethereum Plummet Further, Market Sheds $60 Billion Over Past Week ๐จ This article is 6 years old...
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Bitcoin and Ethereum Plummet Further, Market Sheds $60 Billion Over Past Week
4 min read
Updated: Aug. 13, 2018 at 11:57 pm UTC
Photo by nour c on Unsplash
Following news of a delayed Bitcoin ETF decision, the overall cryptocurrency market began to fall from its recent recovery. Bitcoin and Ethereum prices are plummeting as selloffs increase this week. At press time, 97 of 100 top cryptocurrencies are in the red.
Bitcoin Market Data
At the time of press 11:57 pm UTC on Aug. 13, 2018, Bitcoin is ranked #1 by market cap and the price is down 6.33% over the past 24 hours. Bitcoin has a market capitalization of $103.3 billion with a 24-hour trading volume of $4.97 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 11:57 pm UTC on Aug. 13, 2018, the total crypto market is valued at at $191.31 billion with a 24-hour volume of $14.67 billion. Bitcoin dominance is currently at 53.96%. Learn more about the crypto market ›
The recent market drop indicates that the overall cryptocurrency sector is still transitioning out of the ICO fervor that drove price rallies into late last year. With institutional solutions and emerging regulation on the rise, the shifting cryptocurrency landscape is finding ground in legitimization. Traders are reminded to be cautious during market drops and invest only what they can afford to lose.
Ethereum Market Data
At the time of press 11:57 pm UTC on Aug. 13, 2018, Ethereum is ranked #2 by market cap and the price is down 17.19% over the past 24 hours. Ethereum has a market capitalization of $26.77 billion with a 24-hour trading volume of $2 billion. Learn more about Ethereum ›
Crypto Market Summary
At the time of press 11:57 pm UTC on Aug. 13, 2018, the total crypto market is valued at at $191.31 billion with a 24-hour volume of $14.67 billion. Bitcoin dominance is currently at 53.96%. Learn more about the crypto market ›
The recent market drop indicates that the overall cryptocurrency sector is still transitioning out of the ICO fervor that drove price rallies into late last year. With institutional solutions and emerging regulation on the rise, the shifting cryptocurrency landscape is finding ground in legitimization. Traders are reminded to be cautious during market drops and invest only what they can afford to lose.
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