Total crypto market cap decreases by 16.7% for past week

  • Total crypto market cap decreases by 167 for past week

Kiev: Last week was marked by a significant decline in cryptocurrency market capitalization in the amount of more than 16%. If the volume was $236.7 billion on September 3, then on September 10, the amount fell to $196.9 billion.

On Wednesday, September 5, there was a significant drop in the bitcoin's rating. The daily price of the first cryptocurrency was twice corrected: initially by about $400 for 2.5 hours and, after some time, by $500 for an hour and a half. The total decrease in the cost of the first cryptocurrency for the time period was 13%.

A few days later, on September 8, Saturday, another correction was seen ― 3.5% within an hour. Bitcoin's total cost decrease in percentage terms for the week are compared to the losses of total crypto market capitalization. On September 10, 04:29 (UTC), the price of the first cryptocurrency is $6344, the volume of its capitalization is valued by $109.5.

 Following bitcoin, all the most liquid crypto currencies lost in price. The cost of Ethereum decreased by 31%, Cardano ― 26%, EOS ― 22%, Ripple ― 18%, Stellar ― 15%, Litecoin ― 14%. From the top ten list, the lowest correction was traced by Monero, 10%, for the past week.

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