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Crypto's markets saw a sharp decline today, on Sept. 18, with Bitcoin (BTC) down $ 200 and market capitalization starting at $ 192 billion in just a few hours. At the time of printing, 93 out of 100 top cryptocurrencies by market capitalization are in red, while losses among the top 20 currencies reach over 10%, according to CoinMarketCap.
Market Display by Coin360
Bitcoin (BTC) has been down 3.5% in the last 24 hours, having failed to support $ 6,500, with its price falling by almost $ 200 within five hours. At the time of printing, the main cryptocurrency is trading at $ 6.283.
Bitcoin price chart. Source: Cointelegraph Price Index
Ethereum (ETH) suffered most of the losses among the top 10 coins by market capitalization, down by almost 11% over the 24 hours, falling below price of $ 200 within an hour. The upper altcoin is trading at $ 197 at the time of printing, losing weekly earnings, down about 0.6% over the last 7 days.
Price Chart of Ethereum Source: Ethereum Cointelegraph price index
The total market capitalization has again fallen below $ 200 billion, currently amounting to $ 192 billion after an intraday of over $ 204 billion.
Total market capitalization table. Source: Coinmarketcap
Bitcoin's dominance as a percentage of market capitalization has seen an increase from 55.5% to 56.5 at the time of printing.
Recently, the lieutenant general of the Dubai order forces, Dhahi Khalfan Tamim, has suggested that digital currencies "soon" will replace cash, arguing that the only obstacle to the traditional adoption of The industry is lacking in public awareness and crime prevention policies.
With this, Ripple's chief of regulatory relations for the Asia-Pacific and the Middle East said today that cryptographic resources and blockchain technology are now being tackled more holistically by global policymakers.
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