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Ethereum consolidates the newly gained growth as a broader cryptate market



Friday, September 14: After yesterday's bullish rise, cryptographic markets have now been hit by widely dispersed corrections. Ethereum (ETH) is the most impressive altcoin in the large market, considering the most remarkable growth of the day in the first twenty criptoassets, as shown by Coin360 data.

  Market display "src =" https: // s3. cointelegraph.com/storage/uploads/view/0b37941a38e4106d787a38400d478a1f.png "title =" Market display "/> </p>
<p dir= Coin360 market display

After reaching 18 percent yesterday, September 13th – and a peak up to $ 223 during the early hours of trading today – Ethereum has seen a slowdown downward, before recovering some losses in the hours prior to the printing time.

At its current price of $ 214, the 39; alt alt scored a solid almost 4% growth over the course of the day.

Although Ethereum sees a few days upward on the markets, a new search by TrustNodes has revealed data that may explain the weakness of prices mid-term maximum.

According to TrustNodes, in the 10 days before September 13th, initial currency of I fering projects (ICO) sold three times more ETH than in August, with important implications for price performance. [19659005] Ethereum remains down nearly 9% on its weekly chart, but has significantly closed losses on the month, which are now at 26.3 percent.

  Ethereum 7-day price chart "src =" https://s3.cointelegraph.com/storage/uploads/view/80b527cd7be51fdc569d0a16688e5097.png "title =" Ethereum 7-day price chart "/> [19659010] Chart of 7-day prices of Ethereum Source: Cointelegraph's Ethereum Price Index </em></p>
<p dir= Having claimed the $ 6,500 mark yesterday, Bitcoin (BTC) traded only slightly down today to $ 6,480 at the time of printing, seeing a negligible percentage loss in the 24-hour period.The main crypt fell briefly to $ 6.430, losing $ 150 in value in a tight time window of two hours before today, after trading up to $ 6.580. then limited in a jagged shot in the hours before the printing time.

In the week, Bitcoin is about to break even, with solid monthly gains 3.67%

  Bitcoin 24-hour price chart

Chart of prices Bitcoin 24-Hour Source: Coco Price Index for Bitcoin

Among the other top ten coins on CoinMarketCap, virtually all cryptoassets are recording slight losses on the day, mostly limited to below 2.5 percent. The only one that lost the most is Stellar (XLM), ranked 6th, which is down 3.22 Percentage of trade at about $ 0.20 at the time of printing.

Litecoin (LTC) and Monero (XMR) are the only ten coins except for Ethereum to see any growth, but only, both less than 2% per day for printing time.

Among the top twenty coins by market capitalization, Dogecoin (DOGE), in 20th place, saw the highest losses, down 5.5% on the day. DOGE has seen relatively weak growth yesterday, while the broader market has risen, but is still rising on its monthly table after a steep rise in prices at the beginning of September.

  Dogecoin's 1-month price chart "src =" https: // s3 .cointelegraph.com / storage / uploads / view / 98049772fb2683f7a32bcbe7d9ef29eb.png "title =" Dogecoin's 1-month price chart "/> [19659003] Dogecoin's 1-month price chart Source: CoinMarketCap </em></p>
<p dir= Native token of the Binance exchange, Binance Coin (BNB), ranked 16th, is the only other twenty-dollar coin to see green, growing of 1.89 percent per day to trade at $ 9.79 at the time of printing.

Dash (DASH), IOTA (MIOTA) and TRON (TRX) are

Total market capitalization has immediately peaked at $ 204.3 before today, but has since declined to $ 201.1 billion since press time.

The week was volatile and uneven one, during which the total market capitalization it plummeted to around $ 186.3 billion on September 13, but managed to almost completely recover losses.

  7 day chart d the total market capitalization of all cryptocurrencies "src =" https://s3.cointelegraph.com/storage/uploads/view/f950d2e6049b2e96009b3ea6764b0e71.png "title =" 7-day chart of total market capitalization of all cryptocurrencies " /> </p>
<p dir= 7-day chart of the total market capitalization of all CoinMarketCap cryptocurrencies

As investors nervously observe the markets, Mike Novogratz, founder and CEO of crypto The investment company Galaxy Digital Capital Management said that cryptocurrency prices reached the lowest point in a tweet yesterday, September 13th.

He also noted that the Bloomberg Galaxy Crypto Index (BGCI) – designed to measure the performance of the largest cryptocurrencies traded in US dollars "has adjusted the peaks at the end of last year and the point of acceleration that led to the massive rally / bubble."

In addition, today saw a further revelation and a positive week for the potential exposure of institutional investors to Bitcoin and other cryptographic activities. The US brokerage firm EF Hutton has unveiled plans to issue $ 60 million in various cryptocurrency instruments starting in January 2019, the same week in which it confirmed to be the main sponsor of a cryptocurrency exchange USA known as ACEx.

EF Hutton & # 39; s Plans following news reports that US banking giant Morgan Stanley intends to offer customers commercial exchanges with Bitcoin, the same week that Citigroup insiders suggested he is also planning an entry into cryptography based products.


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