Friday afternoon, 4th September 2020, is to be marked as a black day for most of the cryptocurrencies listed in Coinmarketcap. It is the day when the ruler of the crypto market, Bitcoin, has witnessed a severe downfall in its prices within the time frame of 24 hours. Trading at $10,295.72, Bitcoin’s value is down by not one, not two, not three but 9.34%. The market capitalization of BTC is a mere $189 Billion. It is the best opportunity for market buyers to get their hands on the crypto.
Talking about the next best cryptocurrency, Ethereum, it’s prices also have plummeted by 11.66% and is currently trading at $383.29. Within five years of existence, ETH has made its way up in the cryptocurrency market. At the time of writing the total market cap is $43 Billion.
Chainlink’s value is critical amongst the top 10 cryptocurrencies as it has observed a plunge of 21.09% and is currently capped at $11.38. A new addition to the top 10 lists, Polkadot, is trading at $5.36 with a fall of 10.13%. Other crypto coins which have witnessed a plunge in their values are:
- Bitcoin Cash (BCH) by 14.13% and is currently at $224.14
- Litecoin (LTC) by 15.05% and is capped at $48.71
- XRP by 8.23% and is trading at $0.24
- Binance Coin by 17.91% and is at $20.22
- Bitcoin SV by 11.75% and is trading at $156.78
While Tether(USDT) prices are up by 0.35%, TRON is trading at $0.04 with an increase of 14.03%. Binance USD is also showing a green bar with a rise in value by 0.40%. Only stable coins are unaffected and are showing a positive sign in their value.
Bitcoin Gold and Bitcoin Diamond prices have fallen by 11.32% and 17.98% respectively. While the day is good for buyers but not for the sellers because the market downfall has affected them a lot. If you have waited for a long time for this favorable market scenario to invest in BTC or other cryptocurrencies, you should look no further than PCEX Member.