Cryptographic markets see a sharp decline when the total market falls to $ 12 billion in an hour

Wednesday September 5: Cryptographic Markets suffered a sharp decline in an hour, with a market capitalization down $ 12 billion and almost all the top 100 coins by market capitalization in red, according to CoinMarketCap .

  Market Display

Market Display by Coin360

The main Bitcoin cryptocurrency (BTC) is again plunged below the value of $ 7000 today, according to Cointelegraph's BTC price index, the bitcoin has dropped about 5% in the last 24 hours, trading around $ 6,996 at the time of printing. percentage per print time.

  Bitcoin price

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) also suffered losses today, with its price plummeting below $ 300 points. Ethereum is now trading at $ 258, down more than 11 percent in a 24-hour period at the time of printing.

  Ethereum Price

Ethereum Price Chart Source: Ethereum Cointelegraph Price Index

The total market capitalization drops dramatically in just one hour and seems to continue the downward trend, seeing another decline . capitalization is about $ 222 billion at the time of printing, down from yesterday's high of $ 240 billion.

  Graph of total market capitalization

Graph of total market capitalization. Source: CoinMarketCap

During this downward trend on the market, Bitcoin again saw significant growth in terms of its dominant position compared to the rest of cryptocurrencies. Parallel to the collapse of the markets, Bitcoin's domain increased significantly in a short period of time, with an increase of 1%, currently equal to 54.3%. This is the highest point of the BTC domain in the last two weeks.

  Percentage of total capital market

Percentage of total market capitalization (Dominance) Source: CoinMarketCap

The average losses of most of the higher altcoins by market capitalization vary in a range from 9 to 12 percent at the time with the most important currencies Ripple (XRP), Bitcoin Cash (BCH) and EOS decrease by 11 percent, 10.2 percent and 10.9 percent respectively by printing time. XRP is trading at $ 0.30, while the prices of BCH and EOS amount to $ 562 and $ 5.85

Bitcoin Gold (BTG), which will be removed from the main cryptographic exchange of Bittrex by mid-September, reports losses minors, down 4.6% and trade at $ 20.60 at the time of printing.

On the contrary, another Bitcoin hard fork, Bitcoin Diamond (BCD), is witnessing an extraordinary growth today, with a 110 percent increase The last 24 hours for press time.

Ran NeuNer, conductor of the CNBC cryptor, has subsequently reacted on his Twitter to the recent wave of the market, writing that the "movement" from a cryptographic portfolio allegedly associated with Silk Road may be the reason of the fall:

"100 000 days of BTC landfill after the movement from the Silk Road portfolio had a major withdrawal …"

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