In the past two weeks (September 3-10, 2017 and 11-17 September 17) we observed a drop in the cryptocurrency market capitalization (Total market capitalization) –15.13% and 11.33% respectively (see Table 1.1). From September 3 to September 10, 2017 17 Bitcoin, Ethereum, and Litecoin rates dropped by 12.08%, 20.49%, 23.58% respectively. Over the past week (September 11-17, 2017), the main cryptocurrency rates dropped on average by 9.48% (Bitcoin), 10.21% (Ethereum), and 18.82% (Litecoin), i.e. the downward trend continued, albeit at a slower rate (see Table 1.1).
Last week, Bitcoin rate dipped below $3,000 (see Table 1.4), with the lowest rate observed on September 15, 2017 ($2,946.62). Smith + Crown index dropped by another 18.40%, to 7,694 on September 17, 2017. Presently, the index accounts for the trend dynamic in 11 cryptocurrencies (see Table 1.1). However, despite the losses in value over the past two weeks, the total cryptocurrency market capitalization growth was 581% compared to the start of the year (see Fig. 1.1).
https://www.coinspeaker.com/2017/09/19/weekly-cryptocurrency-ico-market-analysis-september-11-17-2017/
Topic: [2017-09-21]Weekly Cryptocurrency and ICO Market Analysis [Sept. 11-17, 2017] (Read 2104 times)
September 21, 2017, 03:29:40 AM
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