Cryptocurrency market fell by 12 billion just over an hour

Cryptocurrency market fell by 12 billion just over an hour

Wednesday, 5 September, the volume of the cryptocurrency market dropped sharply to $ 12 billion in just an hour.

According to CoinMarketCap, almost all of the top 100 cryptocurrencies demonstrate negative dynamics.

The number one cryptocurrency – bitcoin (BTC) fell again below $ 7000 dollars. In the last 24 hours of bitcoin fell more than 5 percent and is trading at the level of 6,959 USD.

Ethereum is currently trading at $ 245. The fall over the past day amounted to almost 15%.

On average altcoins went down by 12-15%, and the negative trend persists.

There are exceptions, for example, Bitcoin Diamond (BCD), increased by more than 113% in just a day.

A leading expert on cryptocurrency CNBC ran Neuner believes that the market decline may be due to the movement of bitcoins in the wallet famous markeplace of decreta Silk Road:

Only a few days have passed after 100 000 BTC to the wallet of Silk Road was set in motion and now we are witnessing the fall.

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