Cryptocurrency Round-Up – September 13, 2018

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Cryptocurrencies are in a meltdown as they have seen billions of dollars wiped off their US dollar values in a bloodbath week of trading.

Bitcoin and Ethereum, the big two cryptos, each saw more than $20 million sliced off their market capitalisation in this week’s slump.

Financial media site Bloomberg pointed out that cryptocurrencies have suffered the biggest plunge in value of any asset since the dotcom disaster between 2000 and 2002.

Then, shares in technology companies tumbled 78% – but the CryptoCompare Digital Asset 10 Index reports a drop of 80% for cryptocurrencies since February this year.

There is a difference. Cryptocurrencies are a much smaller slice of the economic pie than dotcom companies were at their height.  The market cap of tech companies at the time was $6.600 billion, while cryptocurrencies totalled $830 billion at their peak.

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Cryptocurrency values

Here are the latest trading prices from cryptocurrency tracker CryptoCompare.com

  Bitcoin Ethereum EOS
Today $6,468.26 $196.15 $5.07
A week ago $7,692.69 $421.57 $7.19
One month ago $6,038.54 $255.00 $4.29
Three months ago $6,396.71 $487.51 $10.54
A year ago $3,870.29 $275.84 $0.72
High in year $19,345.19 $1,385.02 $21.41
Low in year $3,713.76 $196.15 $0.54
Market cap this week (billions) $111.70 $19.99 $5.07
Market cap last week (billions) $132.20 $42.61 $7.19
Market cap change in week (billions) -$20.50 -$22.62 -$2.12
  Bitcoin Cash Litecoin Ripple XRP
Today $443.04 $53.77 $0.27
A week ago $761.51 $77.85 $0.44
One month ago $480.57 $51.38 $0.25
Three months ago $842.61 $95.55 $0.53
A year ago $506.49 $61.78 $0.19
High in year $3,715.91 $357.51 $2.78
Low in year $314.10 $51.00 $0.17
Market cap this week (billions) $7.65 $3.13 $27.32
Market cap last week (billions) $13.09 $4.49 $16.98
Market cap change in week (billions) -$5.44 -$1.36 $10.34
  Dash Stellar Monero
Today $192.69 $0.20 $112.65
A week ago $215.65 $0.27 $128.17
One month ago $135.69 $0.21 $81.22
Three months ago $255.30 $0.22 $121.79
A year ago $298.96 $0.01 $110.21
High in year $1,433.41 $0.88 $467.50
Low in year $173.08 $0.01 $84.18
Market cap this week (billions) $1.60 $3.90 $1.85
Market cap last week (billions) $1.77 $5.24 $2.08
Market cap change in week (billions) -$0.17 -$1.34 -$0.23

Source: CryptoCompare.com

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