Altcoins continues to fall while Bitcoin breaks another dominance record on the market in 2018

Tuesday 11 September: Cryptographic Markets have seen another decline today, with most of the top 20 coins by market capitalization in red, according to CoinMarketCap data. Most of the altcoin records losses, reaching around 5-6% in the top 20 currencies.

  Market Display by Coin360

Market Display by Coin360

Bitcoin (BTC) is slightly down today and currently trading at $ 6.238, which is around 0.3% in the last 24 hours. [19659002] Bitcoin weekly chart "src =" https://s3.cointelegraph.com/storage/uploads/view/4c2defea2648feaa0b7c2d1bd16f6308.png "title =" Bitcoin weekly chart "/>

Bitcoin weekly chart Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is also experiencing significant losses today, with its price point falling below $ 190. The upper altcoin is now trading at around $ 181, down around 4 percent within 24 hours.

  Weekly chart of the price of Ethereum "src =" https://s3.cointelegraph.com/storage/uploads/view/bb21b1e8a20130a0c2113549259f5a59.png "title =" Weekly chart of the price of Ethereum "/> </p>
<p style= Weekly chart of the price of Ethereum Source: Price index of Ethereum Cointelegraph

The total market capitalization has fallen to $ 191 billion, which is the lowest point since the beginning of November 2017 , according to CoinMarketCap At the time of printing, the losses of the cryptographic market in the last 7 days amounted to about 20%, compared to about $ 239 billion on 4 September.

  Graph of weekly total market capitalization "src =" https: //s3.cointelegraph. it / storage / uploads / view / 4dbed858526d68626b905305125179ce.png "title =" Graph of total weekly market capitalization "/> </p>
<p style= Graph of total weekly market capitalization Source: CoinMarketCap

In another wave of red, Bitcoin continues to gain momentum in terms of market share, demonstrating a significant increase in its dominance over alt-overs.The percentage of the Bitcoin domain reached 56.9% for the first time since December 16, 2017, or the day before Bitcoin climbed to its all-time high of $ 20,000.

  Weekly total capitalization rate (domain)

Weekly percentage of total market capitalization (dominant position) Source: CoinMarketCap

In terms of higher losses among the top 20 cryptocurrencies over the course of the day, Bitcoin Cash (BCH) and VeChain (VET) suffered the most, recording a decline of more than 5 % in a 24-hour period. it is down about 5.4%, trading at around $ 445, while VeChain has fallen by around 6.2% and trades at around $ 0.01 at the time of printing.

Ripple (XRP), the third cryptocurrency by market capitalization, is down 2.4% in the last 24 hours and trading at around $ 0.25 at the time of printing. [19659017] While most of the altcoins are seeing another downtrend, the controversial Tezos (XTZ) is almost 12%. The altcoin is trading at around $ 1.34 at the time of printing, still declining by more than 7% in the last 7 days, following the recent market crash.

Today, the founder of the OKCoin exchange services operator and the second largest encrypted exchange, OKEx Star Xu, has reportedly been detained in China due to allegations of involvement in cryptocurrency fraud.

Yesterday, the Chinese social media giant WeChat banned the official sales channels of the mining company Bitmain, as well as other cryptography news "channels.

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