The Major cryptocurrency Bitcoin ‘BTC’ is trading at a price of around $6,478.79 USD at press time, which is nearly 0.12 % higher than yesterday, as per the live data index charts provided by CoinChangelly.
Having broken through the $7,000 USD threshold on last day of August , Bitcoin saw a solid hike till the price unexpectedly fell yesterday i.e on September 5.
The Second major cryptocurrency Ethereum (ETH) is trading at a price of around $222.41 USD at press time, which is even 2.27 % lower than yesterday. Following upon an intra-week high to around $300 USD starting this month, Ethereum traded around $290 USD till yesterday’s unexpected fall.
On its weekly chart, Ethereum is down a hefty 20.67 percent till today.
Ripple’ XRP’ is trading at a price of $0.296 USD which is 2.44 % higher than yesterday. The Top Gainers for the day accounts Ripple and Stellar while the Top Losers of the day accounts Ethereum and Cardano.
Any confirming events due which the market saw an unexpected downfall are still not clear till now. However, Crypto business commentator ‘Joseph Young’ gave his perspectives on this unexpected market downfall mentioning on Twitter that tempering the grim market image with the suggestion that:
“Previous corrections 2014, 2016 were way more brutal than the 2018 crypto correction. on the average biennial corrections were suffered, with no positive development for investors to trace. “