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 hiketillthe priceunexpectedly fell yesterday i.e onSeptember5.
The Second major cryptocurrency Ethereum (ETH) istrading at a price ofaround $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, Ethereumtraded around $290 USDtillyesterday’sunexpectedfall.
On its weekly chart, Ethereum is down a hefty20.67 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, Cryptobusinesscommentator ‘Joseph Young’ gave his perspectives on this unexpected market downfall mentioning on Twitter that tempering the grim marketimagewith the suggestion that:
“Previous corrections 2014, 2016 wereway morebrutal than the 2018 crypto correction.on the average biennialcorrections were suffered, with no positive development for investorsto trace. “