Bitcoin, Ethereum and Other Cryptocurrencies Drop
Popular cryptocurrencies fell more while stock markets stayed almost the same on Monday.
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Cryptocurrency prices went down on Monday. Bitcoin dropped below $115,000 but came back to $117,000. Ethereum went up to $4,400 then fell to $4,300.
The market lost over $535 million in one day. Most losses came from people who bought coins hoping prices would go up. Bitcoin's market share fell below 59% while Ethereum's share grew to 13.3%.
Many traders still believe Bitcoin will rise. Stock markets were stable with small changes. Investors are waiting for Jerome Powell's important speech about interest rates.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/08/47200095/bitcoin-ethereum-dogecoin-xrp-slide-as-crypto-liquidations-top-500-million-analyst-says-thi