Crypto Markets See Sharp Decline as Total Market Cap Drops $12 Billion in . . .

[CebuBitcoin]

Crypto Markets See Sharp Decline as Total Market Cap Drops $12 Billion in One Hour

Wednesday, September 5: crypto markets have suffered a sharp decline within one hour, with total market cap down $12 billion and almost all of the top 100 coins by market cap in red, according to CoinMarketCap.

Major cryptocurrency Bitcoin (BTC) has again dipped below the $7,000 point today, according to Cointelegraph’s BTC price index. Bitcoin is down around 5 percent over the past 24 hours, trading at around $6,996 at press time. The digital currency is hardly holding monthly gains, while weekly losses have amounted to around 1 percent by press time.

Ethereum (ETH) has also suffered losses today, with its price having plunged deep below the $300 point. Ethereum is now trading at $258, down more than 11 percent over a 24 hour period to press time.

Readmore: https://cointelegraph.com/news/crypto-markets-see-sharp-decline-as-total-market-cap-drops-12-billion-in-one-hour