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Monday, September 17: Today's cryptography markets are largely green, but slight and sparse corrections affect many of the market's major markets, as shown by Coin360 data
Market Display with Coin360
Bitcoin (BTC) is only a fraction of percent less than the day of trading at $ 6,484 to push the time, having claimed the price of $ 6,500 on September 13, the most important currency failed to reach an even higher level, but instead circled the margin to consolidate the sign of $ 6,500. [19659005] Despite a brief decline before today to $ 6.460, Bitcoin has somehow rebounded in the previous hours at the time of printing.
Bitcoin rose by almost 4% in the week, with monthly gains at a modest 2, 66%.
Bitcoin 24 hours price chart Source: Cointelegraph Price Index
Ethereum (ETH) is today traded around $ 219 at the time of printing, down by only half percentage point of the day. The very high number has erupted since the evening of September 12, with double-digit growth to bounce from the dip to less than $ 170 to a comfortable $ 50 more.
Over the past two days, Ethereum cut close to the $ 220 mark, only to lose ground briefly yesterday, September 16th.
Ethereum gained 11.8 percent increase on its weekly chart and closed its losses significantly in the month, which is now 23.5 percent. [19659002] Ethereum Price "src =" https://s3.cointelegraph.com/storage/uploads/view/060aeacf49e2098cea8cb85b2a958558.png "title =" Ethereum Price "/>
Ethereum price chart of 7 days Source: Cointelegraph Ethereum Price Index
Among the other top ten coins on CoinMarketCap, most are seeing modest gains of up to a maximum of 2% – Stellar (XLM), ranked 6th, is the strongest in the 24 hours, up 1.9% to $ 0.208 at the time of printing.
Bitcoin Cash (BCH), trading at $ 447.11, increased by 1.14 per cent, while Cardano (ADA) ) recorded a more modest growth, rising 0.7 percent to $ 0.069
Litecoin (LTC) lost about 1 percent in value per day and traded at $ 55.99
the first twenty coins by market capitalization, most of the gains and losses are mostly within a range of 2% in both cases, with & # 39; in Dash (DASH), in 11th place, which closed a solid growth of 4.3 of the day and traded at 196.81 dollars at the time of printing. [19659005] TRON (TRX) and NEM (XEM) both increased by 1.1 and 1.5 percent on the day respectively, while Vechain (VEC) saw the heaviest loss – a still slight 2.25 percent traded at $ 0.014.
Total market capitalization was fluctuating during the day. After a short spiking of well 204.4 billion dollars today, it has since fallen to 202.6 billion dollars.
The week has seen a jagged but nevertheless steady recovery since the total market peak has dropped to around $ 186.3 billion 12 September.
7 day chart of total Market capitalization of all CoinMarketCap cryptocurrencies
A piece of Cointelegraph analysis this weekend provided cues on the repeated analogy between crypto-bear markets and the dotcom bubble, as reported by Bloomberg this week, the MVIS CryptoCompare Digital Assets 10 index from VanEck – which tracks the prices of the top ten digital assets – was down 80% from the January high, so data represent a heavier peak than to 78% of the Nasdaq Composite Index edive at the height of the dot-com clash.
However, as claimed by the CT analyst, the main structural differences – including a market capitalization dimension means lower value for the crypto and the fact that retail investors have a significant footprint in the crypto industry, unlike the venture capitalists of the dotcom days – means that these comparisons are not necessarily as neat as the figures suggest. at first sight.
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