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Bitcoin (BTC) $ 95,043.46 0.94%
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Ethereum (ETH) $ 1,823.03 2.66%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.29 0.48%
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BNB (BNB) $ 602.41 0.34%
solana
Solana (SOL) $ 148.24 0.96%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.179139 1.42%
cardano
Cardano (ADA) $ 0.713988 2.58%
tron
TRON (TRX) $ 0.245912 0.38%

Bitcoin and Ether in Biggest Slump Since Sept. 3 as Stock Markets Sink

Bitcoin prices, Sept. 21, 2020.

Prices for both bitcoin and ether fell sharply in the past 24 hours, after a drop in global equities.

  • The top cryptocurrency by market value was traded around $10,401.18 at press time, losing 4.64% over the previous 24 hours, while ether lost 8.15% over the same time period to about $341.01.
  • The market correction in the top two cryptocurrencies came after the U.S. stock market fell to a two-month low amid new fears on the coronavirus pandemic.
  • The German DAX and the U.K.’s FTSE indexes were also down by around 4% on the day. The Hang Seng Index began the week with a 2% decline.
  • “Throughout 2020, we have consistently seen a strong correlation between crypto markets and traditional financial markets, and the crypto market’s response to the 2.2% drop in Dow Jones futures this morning has reaffirmed this correlation,” according to a note from Glassnode Monday.
  • The crypto data site warned investors to keep an eye on the stock market for further impact.
  • Meanwhile, Deribit, the world’s largest exchange for bitcoin options, was suffering from “partially degraded service,” as the exchange recorded high latency on the website as of press time.
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ETH prices
Source: CoinDesk
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