The Cryptocurrency Market Displays Versatile Dynamics: The Cost of Most Coins Rises, While Some Altcoins Carry Losses


As of the end of the week, the cryptocurrency market sees a variety of dynamics: some coins show growth in value, while others see a significant drop in prices. It is worth noting that most of the coins are in green, according to Coin360 data.

Market visualization

Source: Coin360

According to CoinMarketCap, Bitcoin increased 2.4% on September 2, reaching $ 7244 per coin.

At the beginning of the week, the value of the leading cryptocurrency quickly increased, breaking the mark of 7000 dollars, but August 29-30 Bitcoin again fell in price, holding at 6827 dollars. After a rapid decline, the value of the coin also increased rapidly, increasing by more than $ 400.

Bitcoin’s 7-day price chart

Source: CoinMarketCap

In general, during the week, the value of the coin increased by almost 9%, reducing its monthly losses to 4.5%.

As the data show, September 2, the cost of Ethereum (ETH) reached 292 dollars per coin, an increase of 2% during the day. It is worth noting that the last week was extremely unstable for altcoin. On Sunday, ETH almost broke the $ 300 mark, reaching a daily high of $ 299.52, but after the coin fell in value.

As you know, this week the Chicago Stock Exchange (CBOE) announced its intention to launch ETH-futures by the end of this year. The news did not have an immediate impact on the price of the coin, but it gave an impulse to restore the value of ETH by the end of the week. According to the data, during the week the cost of ETH increased by 5.8%, but monthly losses are still very high (29.8%).

Ethereum’s 7-day price chart

Source: CoinMarketCap

Top-10 coins presented on the CoinMarketCap reflect mixed trends. 6 out of 10 altcoins showed a rise in value. Most coins watched a slight increase in prices, with the exception of Bitcoin Cash (BCH), which grew by 12% during the day. As of September 2, the coin value was $ 629. A significant rise in the coin value occurred after the stress test, conducted on September 1.

Bitcoin Cash’s 7-day price chart

Source: CoinMarketCap

Among the top 10 coins, the most significant losses were incurred by EOS (EOS) and IOTA (MIOTA), down almost 2.5%. The cost of coins is 6.43 and 0.72 dollars, respectively.

Speaking of TOP-20 altcoins, in general, the picture retains mixed trends. The cost of Monero (XMR), DASH and Tron (TRX) has decreased by almost 2%. NEO rose by 3.8%, reaching a mark of 22.15 dollars. The cost of NEM was $ 0.11, an increase of 3%.

The biggest losses among the top-20 coins are in Dogecoin (DOGE), whose value decreased by 19.6% during the day. As a result, the value of the coin was $ 0.004. We remind you that during the week the value of the coin grew rapidly, increasing by 40%, but by the end of the week, also rapidly, it decreased.

Dogecoin’s 7-day price chart

Source: CoinMarketCap

Over the week, the total capitalization of the cryptocurrency market increased by almost $ 21 billion, reaching $ 236.4 billion.

7-day chart of the total market capitalization of all cryptocurrencies

Source: CoinMarketCap

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