In spite of a bullish, begin to September, Bitcoin’s price fall set in this Wednesday, September 5. From that point forward, the major cryptocurrency has spiraled downwards from a high of $7,391 to over $1,000 less at its intraday low yesterday at $6,354.
After the midweek bloodbath, crypto markets have somewhat settled today, albeit numerous coins keep on shedding value, as Coin360 information shows. Bitcoin (BTC) is trading at around $6,501 at the time of composing, as per Coinmarketcap.
The coin is currently an obvious 16 percent down on its week-by-week outline. On the month, Bitcoin regardless stays up by around 7.3 percent.
Other cryptocurrencies such as ether, the second largest after bitcoin and based on ethereum (ETH) blockchain platform, fell to its lowest since 2017. It lost 10% in value along with litecoin (LTC), ripple (XRP) and bitcoin cash (BCH).