Crypto Markets Drop Sharply, Ethereum Loses Week’s Earlier Gains

Published at: Sept. 18, 2018

Crypto markets have seen a sharp decline today, September 18, with Bitcoin (BTC) down $200 and market cap dropping as low as $192 billion within a few hours. As of press time, 93 out of 100 top cryptocurrencies by market capitalization are in the red, while losses among the top 20 coins reach over 10 percent, according to CoinMarketCap.

Market visualization from Coin360

Bitcoin (BTC) is down around 3.5 percent over the past 24 hours, having failed to hold the $6,500 support, with its price dropping by almost $200 within five hours. At press time, the major cryptocurrency is trading at $6,283.

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) has suffered the most losses among the top 10 coins by market cap, down almost 11 percent over the 24 hour period, dipping below the $200 price point within an hour. The top altcoin is trading at $197 as of press time, losing its weekly gains, down around 0.6 percent over the past 7 days.

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

Total market cap has again dipped below $200 billion, currently amounting to $192 billion after an intraday high over $204 billion.

Total market capitalization chart. Source: Coinmarketcap

Bitcoin’s dominance as a percentage of market capitalization has seen a rise from 55.5 percent to 56.4 at press time.

Percentage of Total Market Cap (Dominance). Source: Coinmarketcap

Among altcoins, EOS and VeChain (VET) have seen some of the biggest losses over the past 24 hours, down 10.29 and 10.47 percent. The fifth top cryptocurrency by market cap, EOS is now trading at $4.88, VET, the last in the top 20 coins list, is trading at $0.0127.

Recently, senior Dubai law enforcement official Lt. General Dhahi Khalfan Tamim suggested that digital currencies will “soon” replace cash, claiming that the only obstacle to the mainstream adoption of the industry are lack of public awareness as well as crime prevention policies.

With that, Ripple’s head of regulatory relations for Asia-Pacific and the Middle East stated today that crypto assets and blockchain technology are now being addressed in a more holistic manner by global policymakers.

Tags
Bitcoin
Bitcoin Price
Markets
Ethereum
Altcoin
Cryptocurrencies
Ether Price
Market Capitalization
Related Posts
Bitcoin Breaks Back Above $5,500, Cryptos Recover From Major Sell-Off
Thursday, April 25 — crypto markets have mostly recovered after yesterday’s significant sell-off, with Bitcoin (BTC) breaking back above the $5,500 support. All but four coins among the top 20 cryptos by market cap are in green at press time. NEO is seeing the biggest increase of almost 7%, while bitcoin SV (BSV) and tezos (XTZ) tumbled 1% and 2.25%, respectively. Market visualization from Coin360 Bitcoin is steadily growing on the day and is trading at $5,521, up 1.18% over the past 24 hours at press time. The intraday low amounted to $5,421. Over the past 7 days, Bitcoin is …
Bitcoin / April 25, 2019
Bitcoin Holds $4,000, British Pound Loses to USD as Brexit Anticipation Grows
Monday, March 25 — crypto markets have continued trading sideways, with Bitcoin (BTC) holding the $4,000 threshold at press time, according to data from CoinMarketCap. Most of the top 20 cryptocurrencies by market cap are in the red today, with Cardano (ADA) dropping by more than 4 percent to press time, while Tezos (XTZ) is up almost 5.7 percent over the past 24 hours to press time. Bitcoin has been stable over the day, seeing a slight decline of around 0.2 percent at press time. The biggest cryptocurrency is trading at $4,020, which is a 0.1 decline over the past …
Bitcoin / March 25, 2019
Crypto Markets Lose $2 Billion After Brief Recovery Attempt, US Stock Market Is Down
Tuesday, Feb. 26: after a brief recovery attempt yesterday, crypto markets have lost more than $2 billion in terms of total market capitalization today, with the top 20 cryptocurrencies seeing mixed signals. While the market is overall trading sideways, most of top 20 coins are in the red at press time. Market visualization from Coin360 The largest cryptocurrency, Bitcoin (BTC), is down around 1 percent over the past 24 hours, trading at $3,847 at press time. Following major losses on Feb. 24, the top cryptocurrency is down over 3 percent over the past 7 days. Bitcoin 24-hour price chart. Source: …
Bitcoin / Feb. 26, 2019
Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump
Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index Ripple (XRP), the second …
Bitcoin / Dec. 13, 2018
Crypto Markets Continue Rise With Market Cap Reaching Over $220 Billion
Thursday, September 27: crypto markets continue to rise as the crypto and blockchain industry is seeing some support from governmental and institutional entities. Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $16 billion. All but two top 20 cryptocurrencies by market capitalization have seen firm growth over the past 24 hours, following a slight price stagnation within the day and surging sharply within the past few hours. Market visualization from Coin360 Bitcoin (BTC) is up around 2.82 percent over 24 hours …
Bitcoin / Sept. 27, 2018