Crypto Markets sees another wave of red, despite bullish news from key industry players


Monday, September 10: cryptographic markets have seen above all red today, with only two coins among the top 20 cryptocurrencies in the green and a total market capitalization of around $ 194 billion.

Market Display by Coin360

Bitcoin (BTC) is slightly down today, fluctuating around $ 6,300. The major cryptocurrency is currently trading at $ 6.287 per print time, down 1.5 percent in the last 24 hours.

Bitcoin saw a maximum intraday of $ 6,398 and a minimum of $ 6,253, according to Cointelegraph's Bitcoin price index. The currency abruptly lost its $ 6.400 trading level yesterday afternoon, slipping nearly $ 200 in less than two hours, then abruptly regaining some of those losses shortly thereafter.

Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index

After dropping and then testing a slight rebound yesterday, the major plateau Ethereum (ETH) failed to hold the $ 200 point today. The currency has fallen below $ 200 this weekend for the first time since November 2017.

By press time, Ethereum is down 4.5% in the last 24 hours and is trading at $ 192. altcoin is down by a brutal 35 percent during the week and by 47 percent in the last 30 days.

Ethereum 24-hour price chart. Source: Cointelegraph Ethereum Price Index

The total market capitalization failed to recover the $ 200 billion threshold during the day, falling below this point this weekend. At the time of printing, the total market capitalization of all cryptocurrencies totaled $ 194.5 billion.

Total market capitalization 7 days art. Source: CoinMarketCap

As the global market throws billions, Bitcoin has again experienced significant growth in dominance, currently reaching the highest share of market share seen over the past 30 days. At the time of printing, the Bitcoin domain is just over 56 percent.

Dogecoin (DOGE), which recently pushed from 20th to 19th place by capitalization, is again witnessing significant growth. In a market where most currencies fall by at least 3-4%, DOGE is up 13.6% over 24 hours.

Dash (DASH), ranked eleventh by market capitalization, is the only other first coin from 20 of the green at the time of printing. Altcoin is currently up 2.3 percent in the last 24 hours and trading at $ 201.

In contrast, Ripple (XRP), in 3rd place, suffered the biggest losses in the top 20 cryptocurrencies on the last day, having lost 6 percent trading at $ 0.268 at the time of printing. The currency has declined by more than 20 percent in the last 7 days, according to CoinMarketCap.

Markets seemed to react negatively to yesterday's news that the US Securities and Exchange Commission (SEC) temporarily banned trading in securities traded on the stock exchange of XBT Providers (ETNs)) Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF").

Even yesterday, the co-founder of Ethereum Vitalik Buterin predicted that there is no possibility that the cryptocurrency and blockchain space will see "a 1,000-fold growth" Again, stating that the industry is reaching a "roof" and is moving from "only interested people" to the stage of "real applications of real economic activity".

In other bullish news for industry, the cryptographic industry saw the launch of two new stabilizers approved by New York regulators.

The Winklevoss brothers, who created the Gemini cryptography platform, today received approval from the New York Department of Finance cial Services (NYDFS) to launch its own stablecoin supported by the USD, the dollar Gemini.

Another new stablecoin dubbed "Paxos Standard", also supported by the United States and approved by the NYDFS, was officially launched today.

Yesterday anonymous sources revealed that the US multinational Citigroup is developing a cryptocurrency product to offer institutional investors access to cryptographic markets without directly owning cryptocurrencies.

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