While the global economy continues to fall, the value of the precious metals and cryptocurrencies continue to gain popularity at a global level. On Wednesday, September 2 the entire cryptocurrency market capitalization of all 6700+ coins in existence is around $383 billion.
Ethereum (ETH) has gained 1.21% during the last 24 hours. However, the king of the cryptocurrency market, Bitcoin (BTC), is down by 1.63% on Wednesday and is currently trading for $11,720.80 per BTC.
ETH which is swapping for $468.93 per coin has an overall market valuation of around $52.8 billion in comparison to BTC’s $216 billion. Still, the BTC dominance ratio is only 56.5% today while a number of alternative crypto assets have seen much larger gains. XRP is down by 0.15% today trading for $0.29 per coin.
The top ten cryptocurrencies of the coinmarketcap.com showed a mixed picture in their prices. Bitcoin cash (BCH) is up by 1.17% and jumped to $284.34 range on Wednesday afternoon. With a market cap of $5 billion, BCH ranks at 6th number on the charts. Bitcoin Gold and Bitcoin Diamond both witnessed a slurp with 1.94% and 7.46% respectively.
Litecoin (LTC) is also down by 1.14% and is trading at $62.12. Maintaining the market rank of 7, the total market capitalization of LTC is $4 Billion. Other cryptos which are down are:
- Bitcoin SV by 0.24% and is trading at $199.13
- Chainlink by 3.25% and is currently at $15.76
- Cardano by 2.34% and is capped at $0.12
- Monero by 0.91% and is trading at $94.18
- Dash by 0.97% is at $87.52
On Wednesday most of the top 100 cryptocurrencies are down. So, if anyone wants to invest in cryptocurrencies, this is the right time for it. PCEX Member is one of the best platforms for buying BTC and other cryptocurrencies in INR.