Cryptocurrency prices dropped more than $17 Billion in the global cryptocurrency market.
Bitcoin price dropped nearly 5 percent against the USD, whereas altcoins include EOS, Bitcoin Cash, Litecoin, Ethereum, Ripple and Monero experienced double-digit losses. At the same time, Steller Lumens plunged over 6 percent.
Dropil is another cryptocurrency backed by independent tools platform that has gained more than 15 percent against the USD. The value of DROP/USD pair rose from 0.0034 to 0.0044 fiat in intraday. Bitcoin Diamond, the hard fork of Bitcoin, has made a positive footprint in the Market Capitalization. BCD/USD pair gained more than 250 percent.
EOS/USD pair fell around 16.30 percent. Ethereum closed to 15 percent loss. Whereas the ETH/USD pair touched around 244-fiat. In the last 24 hours, Bitcoin Cash and EOS lost more than 16 percent. BCH/USD pair sat around 531-fiat; the pair has faced 16.5 percent loss, according to a report by CCN.
It is reported that an analyst said that changes can happen in Bitcoin markets. If Bitcoin falls below $7,000, then the cryptocurrency prices may fall below $6,000. Bitcoin could avoid the downtrend to mid-$6,000 and touched $8000 range, if it raises its value from $7,200 to $7,300 range, according to a report by Money Control.
“A lot of retail investors’ hopes for a bigger institutional presence were really being driven by Goldman Sachs,” Stephen Innes, head of trading for the Asia Pacific at Oanda Corporation said. “This is just a negative, negative sign as far as liquidity goes.”
In Hong Kong around 1:25 pm on September 6, 2018, the Bitcoin was trading at $6,422 that has dropped nearly 9.8 percent. Many banks and institutional investors are concerned about everything from money laundering to market manipulations, according to a report by Bloomberg.
Latest Updates In Cryptocurrency Prices
In India around 2:53 pm on September 6, 2018, Bitcoin sits around $6,456.03, whereas Altcoins such as Ethereum ($228.76), Ripple ($0.289028), Bitcoin Cash ($501.28), EOS ($5.07), Steller ($0.198241), Litecoin ($55.49), Bitcoin Diamond ($2.46), Dropil ($0.003809), and Monera ($111.37) according to coinmarketcap.com.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]