Cryptocurrency Round-Up – September 6, 2018

316

Bitcoin dropped 13% in less than six hours trading in one session this week to send the price plunging to $6,400.

Most other coins and tokens followed suit, seeing billions wiped off the value of cryptocurrency investments in the space of a few hours in the biggest market correction seen February.

The sell-off had no apparent trigger and was seen across exchanges around the globe.

Despite rumours, the decision by US investment house and bank Goldman Sachs to delay the launch of a $90 million trading desk seemed to have no impact on the markets.

More likely in a small $300 billion market, small movements are actually large percentage changes and a series of trades can spark a rally or fall that seems to inversely affect investors.

The plunging market was a disappointment to many after a rise in prices earlier in the month after a sluggish summer for cryptocurrencies.

Cryptocurrency values

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

 BitcoinEthereumEOS
Today$6,441.86$223.35$5.05
A week ago$7,692.69$421.57$7.19
One month ago$6,723.21$377.94$5.90
Three months ago$7,627.52$599.55$14.01
A year ago$4,618.71$338.92$0.91
High in year$19,345.19$1,385.02$21.41
Low in year$3,713.76$223.14$0.49
Market cap this week (billions)$111.14$22.79$5.05
Market cap last week (billions)$132.20$42.61$7.19
Market cap change in week (billions)-$21.06-$19.82-$2.14
 Bitcoin CashLitecoinRipple XRP
Today$510.32$55.92$0.29
A week ago$761.51$77.85$0.44
One month ago$657.05$67.33$0.37
Three months ago$1,513.29$119.99$0.67
A year ago$647.64$81.44$0.23
High in year$3,715.91$357.51$2.78
Low in year$310.56$45.20$0.17
Market cap this week (billions)$8.81$3.25$13.29
Market cap last week (billions)$13.09$4.49$16.98
Market cap change in week (billions)-$4.28-$1.24-$3.69
 DashStellarMonero
Today$174.37$0.19$112.36
A week ago$215.65$0.27$128.17
One month ago$186.88$0.22$107.61
Three months ago$310.71$0.28$158.28
A year ago$349.76$0.01$122.74
High in year$1,433.41$0.88$467.50
Low in year$138.22$0.01$83.08
Market cap this week (billions)$1.45$3.73$1.84
Market cap last week (billions)$1.77$5.24$2.08
Market cap change in week (billions)-$0.32-$1.51-$0.24

Source: CryptoCompare.com

Download the Free Cryptocurrency Guide

iExpats.com expert writers have created a simple guide to Cryptocurrency

A Guide to Trading, Investing and Managing Bitcoin, Ethereum, Litecoin and other digital currencies. Explaining the options and information on the pros and cons. Download the free guide by following the link below

Leave a Reply