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Writer's pictureFahad H

Markets Looking Grim, Bitcoin Lingers Above $8,000 Mark


Sunday, Sept. 27 — All of the top-20 cryptocurrencies by market cap proceed to battle following the sudden nosedive on Tuesday, Sept. 24.

COIN360

Bitcoin (BTC) has not been in a position to get well from Tuesday’s painful correction, which noticed double-digit losses throughout the board.

The hottest crypto coin continues to commerce sideways, down by 1.75% during the last 24 hours to commerce at round $8,050 at press time, whereas having seen an intraday excessive of $8,255. 

BTC discovered some help above the lower-$8,000 area in the course of the higher a part of the day, however appears to be in peril of revisiting the $7,000s as soon as once more.

Bitcoin 7-day price chart

Ether (ETH) isn’t faring any higher, down over 2.4% on the day, hovering round $170 at press time. The altcoin has been on a gentle downward value development all through the week, dropping to as little as $155 on Sept. 26.

Ether 7-day price chart

Ripple’s XRP dropped 0.26% within the final 24 hours and is buying and selling at round $0.241 as of press time. XRP registered a weekly lack of round 12%, whereas its month-to-month losses are sitting near 7%.

XRP’s 7-day price chart

According to information from Coin360, the top-20 cash are virtually all reporting losses between 0.2% and 5% on the day. Bitcoin Cash (BCH) and Dash (DASH) are the most important losers within the top-20, down 3.78% and 4.4%, respectively.

The general cryptocurrency market cap sits at $213.7 billion, with Bitcoin making up 67.8% of the overall.

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