Bitcoin Still Treading Red Territory, Pulls Down Entire Crypto MarketSep 12, 2018 at 22:34
The value of Bitcoin against the US dollar went down by almost 1 percent as the sell off in the entire crypto market continues.
As of this writing, it is valued at $6275.76 a piece with a market cap of $108 billion.
Despite the drop, analysts are positive that the top coin will be able to recover soon as historically, Bitcoin experienced an average of 4.5 percent growth in September 2015 and 2016.
On the other hand, Ethereum, the second biggest cryptocurrency, fell by 11.23 percent to $171.27 with a market cap at $17.4 billion.
Other top altcoins also joined the downward trend, led by XRP’s 3.1 percent decline at $0.25 a piece and market cap of $10.1 billion.
Likewise, Bitcoin Cash is at $411.18; EOS at $4.8175; and Stellar $0.19 equivalent to drops of 11.26 percent, 2.7 percent and 1.49 percent, respectively.
On the other hand, Tether, Monero and Cardano were at $1 (up by 0.1 percent); $96.79 (down by 8.83 percent) and at $0.0619 (13.6 percent).