The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during the last 48 hours.

Things change quickly in the crypto ecosystem, as digital currency proponents have been dealing with extremely volatile prices this week. For instance, bitcoin (BTC) touched a top on September 1, as prices touched $12,044 per coin on Tuesday.

Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums

Ever since then the crypto asset has been tumbling downward. BTC hovered around $11,200 on September 3, but shuddered once more to a low of $10,000 the following day. Bitcoin (BTC) is down 5.4% on Friday, over 10% for the last seven days, and down 11% for the last 30 days. At the time of publication, BTC has been coasting along between $10,250 to $10,400.

Market Update: Blood in the Crypto Streets, Bitcoin Miner Dumps, CME Gap, Defi Doldrums
Bitcoin (BTC) prices on Bitstamp on September 4, 2020, at 11:30 am (ET).

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Source: https://news.bitcoin.com/market-update-blood-in-the-crypto-streets-bitcoin-miner-dumps-cme-gap-defi-doldrums/