Leading cryptocurrencies plunged Sunday as September started on a weak note for the volatile asset class.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
-2.39%
$57,572.95
Ethereum (CRYPTO: ETH)
-2.46%
$2,447.98
Dogecoin (CRYPTO: DOGE)
-5.32%
$0.09573
What Happened: Bitcoin slid below $58,000 for the first time in over two weeks, while Ethereum hit a three-week low of $2,400.
Bitcoin lost nearly 11% in August, worse than its average of 1.75% gains for the month, according to Coinglass.
The total cryptocurrency liquidations in the market hit $165 million in the last 24 hours, with $140 million in longs getting evaporated.
Bitcoin’s Open Interest dipped 1.9% in the last 24 hours, while funds locked in Ethereum’s futures contracts dropped 1.55%.
The market remained in “Fear” as of this writing, according to the Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours)
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. EDT)
Helium (HNT)
+2.24%
$7.20
Starknet (STRK)
+1.22%
$0.3599
Artificial Super Intelligence (FET)
+1.02%
$1.14
The global cryptocurrency market stood at $2.01 trillion, following …
Full story available on Benzinga.com