Bitcoin, the world’s most widely used virtual currency, dropped 2.3 percent to $19 728.8. Its market capitalization was $377.9 million. Its trade volume was $36 billion.
Major cryptocurrency exchanges suffered losses Friday, September 16. Due to the negative trend in global markets, Bitcoin fell below $20,000 and Ethereum dropped below $1,500. Global crypto market cap was $961.02 Billion, with $84.82 Billion in volume over the last 24 hours.
Bitcoin, the world’s most widely used virtual currency, dropped 2.3 percent to $19 728.8. Its market capitalization was $377.9 million. Its trade volume was $36 billion. In the past seven days, the token has seen a nearly 2 percent increase in trade volume.
Ethererum, or Ether, was the second-largest virtual currency. It fell 9.9% to $1,467.4, with a market capitalisation at $179.9 million. In the last 24 hours, Ethereum traded at $26.5 billion. In the past seven days, Ether fell as high as 10.1%.
The fall is coming as EthereumPoW(ETHW) went online one day earlier. Block 15537393 was the block that saw the merger of Ethereum’s Mainnet execution layer and the consensus layer of Beacon Chain. The proof-of-work consensus algorithm will no longer be used by the network.
Dogecoin, a virtual currency based on Memes, was down 3.4 percent with a market capitalization of $7.8 million. Shiba Inu traded 4.5 percent lower, while Solana dropped 3.5 percent to $22.7 billion.
Domestically, the Indian equity indices BSE Index and SSE Nifty50 are likely to open in red on Friday due to largely negative movements across global markets.