Major coins traded significantly lower on Sunday night, when the global cryptocurrency market cap fell 4.55% to $929.5 billion as of 8:21 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -3.05% | -11% | $19,418.19 |
| ether ETH/USD | -8.6% | -24% | $1,337.69 |
| Dogecoins DOGE/USD | -6.9% | -9.55% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| chilli (CHF) | +3% | $0.23 |
| PAX gold (PAXG) | +0.1% | $1,669.07 |
| TrueUSD (USD) | +0.02% | $1 |
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Why It Matters: Ethereum and Bitcoin have lost 24% and 11% of their respective values in the last seven days.
The two largest cryptocurrencies were down Sunday night, although US stock futures were marginally higher at the time of writing.
Traders are excited about the monetary policy decisions from the US federal reserve and the Bank of Japan in the fresh trading week.
Comment on Ethereum price drop after “great success” that was the merging lark Davis, A notable cryptocurrency investor tweeted, “Shame on the price action but just like a [bitcoin] The effect halving is not instantaneous.”
That #Ether merge was a huge success and a big moment for the chain!
Too bad about the price campaign, but just like a #Bitcoin The halving of the effect is not instantaneous.
— Lark Davis (@TheCryptoLark) September 18, 2022
Justin Bennett forecast the first leg of bitcoin short liquidations around the 20,100 mark on Sunday. The cryptocurrency investor tweeted, “pump is coming.”
First part of these brief liquidations here at 20,100.
There’s more to come.$BTC #Bitcoin pic.twitter.com/PS798moiym
— Justin Bennett (@JustinBennettFX) 09/17/2022
In a more recent tweet, Bennett took a contrarian stance, saying he should have “stayed bearish.”
I stayed bearish in the sense that I still have part of mine $ETH short…
