The previous trading day, the cryptography market had undergone a sharp correction. Almost all the crypto-currencies in the top 20 by market capitalization have fallen into the red. Affected is also the market leader Bitcoin.
The price of the BTC has dropped over the past 24 hours by about 2%. In the analysis of seven days, even a price drop of more than five percent to book. This leads to a significant loss of Bitcoin value.
Currently, the price of the BTC is just above the $ 10,000 mark. BTC investors are now hoping that this brand can be kept and that Bitcoin has not been as recent as early September at around $ 9,500.
The domination of bitcoins decreases slightly
The market capitalization of BTC has been reduced by about $ 3.2 billion to reach a little over $ 180 billion on this trading day. During this period, the dominance of the BTC over the entire cryptography market was also assumed. It fell from 71% to 69%, while all the crypto-currencies combined have a market capitalization of 260 billion dollars (4 billion dollars compared to the previous day).
That was well over $ 300 billion at the best times of this year. The volume of transactions has also decreased, reaching $ 54 billion over the last 24 hours for the entire market.
The $ 10,000 mark has become an important pillar for Bitcoin this year. The course has been evolving in this area since June. The most notable difference occurred at the end of June, when the price climbed to almost $ 13,000. After that, the price did not drop more than $ 9,500.
Despite the slight negative trend, Bitcoin remains one of the best investments in 2019. At the beginning of the year, the BTC price was still below $ 4,000, gaining more than 150%.
The prices shown in the article are based on CoinMarketCap cryptocurrency graphs at the time of publication of the article.
Source: Photo by SimpleFX