Bitcoin and major cryptocurrencies continue to fall on September 8th
Bitcoin and major cryptocurrencies continue to fall on September 8th By Angel Di Matteo

@shadowargelDespite the drop seen between Bitcoin and major cryptocurrencies this September 8, Algorand and Near Protocol

stand out as major gainers, with increases of over 20% in the last 24 hours.

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Bitcoin

continues to fall this September 8th

We open our price report for the morning of September 8th highlighting the evolution seen in the price of Bitcoin (BTC

), as the digital currency continues to fall at the time of publishing, trading at around USD $46.567 per unit, with a drop of 8.9% in the last 24 hours.

This is reflected in data published in our CryptoMarkets section, which shows that the drop seen yesterday is still continuing on September 8th. In the last 24 hours, it can be seen that the strongest point of the fall took place yesterday morning, and that prices have fluctuated around USD $46,000 with the exception of what was seen in the early morning hours, when Bitcoin

fell below the USD $45,000 barrier for a short period of time. Evolución precio de Bitcoin este 8 de septiembreEvolución precio de Bitcoin este 8 de septiembreBitcoin Price Evolution this September 8

The Surprise Market Shakeup

As we reported yesterday, the past September 7 was charged with a lot of emotions especially when the price of Bitcoin

and major currencies went down.

All this happened in the midst of the celebration of Bitcoin Day in El Salvador, as officially came into force the officialization of Bitcoin as an official currency.

Bitcoin is a legal tender in the country.

Despite the enthusiasm seen yesterday among supporters and followers of Bitcoin for the significance of this event for the history of digital currency, the fall seen in the price of major cryptocurrencies surprised friends and strangers, generating some fear in the main associated markets.

In this regard, reports published by several media highlight that the drop in the price of Bitcoin would be mainly associated with the liquidation of leveraged positions, which together amounted to more than USD $4 billion.

Given that there is still some uncertainty in the market, we recommend as always to our readers to operate with great caution and take measures to avoid adverse results in their trading operations.

Major altcoins also going down on September 8

As we indicated yesterday, the shakeout seen in the market was also felt among the main exponents of the sector, which continue to decline for this September 8.

Looking at the evolution seen in the last 24 hours, among the most notable falls at this hour we have Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), XRP, Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI), Chainlink (LINK), Bitcoin Cash (BCH), Litecoin (LTC), Terra (LUNA), Internet Computer (ICP ) and many others, down 8% to 16% by the time of publishing.

Algorand and Near Protocol: Surprises of the Day

But not all coins went down amid the fall of the market, as there were a couple of exponents that stand out for this September 8 for just capitalizing on the highest gains of the day:

  • First up we have Algorand (ALGO ), which is on the rise with gains of 26.1% and trading at about USD $1.72 per unit by press time.
  • It is followed by Near Protocol (NEAR), which is trading at around $10 per unit and has seen gains of over 38% in the last 24 hours.

The steepest declines

Finally, here is a look at the biggest decliners for September 8th.

To buy cryptocurrencies through DiarioBitcoin

In these times of uncertainty, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital currencies.

If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.

Nuevos botones de compra a través de CriptoMercados

Source: <a href=”https://www.diariobitcoin.com/criptomarkets/”>CryptoMarkets, CoinMarketCap

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