currency bitcoin price fell to below 11,000 dollars on Monday during a slight correction of the market has led to a decline in market value of digital currencies combined by 39 billion dollars. While both EOS and Stellar were able to challenge this decline and achieve steady returns. At present, the market value of the digital currency market is $ 518 billion, which saw a 7% drop in a day.
The price of Bitcoin drops below $ 11,000
The price of Bitcoin on market indices on Monday dropped 7% in 24 hours, leading to the devaluation of the major currency to below $ 11,000 . At the present time, the currency bitcoin traded at 10.470 dollars on trading "platform Bitfinex ", which translates into a global market value by 180.7 billion. Despite the moderate decline, the good news coming from South Korea should give investors confidence. As the CCNreported, a large South Korean bank said it would handle the drawdowns of digital currency traders, thus easing fears - at least temporarily - of the potential for the digital currency industry to break out of the mainstream financial sector.In addition, local media reported that a high-level financial regulator had made it clear that the government intended to allow trading platforms to include futures contracts, a move that would further strengthen the status of the Betquin as a financial instrument in the country.
The prices of ethereum are reduced to $ 900
Bitcoin was not the only currency to fall below an important barrier on Monday. The price of ethereum fell below $ 900 this afternoon, a sharp drop of 6%. At the moment, the Atrium is trading at $ 943 , which represents the market value of the second largest currency by $ 95.9 billion.
" EOS " and "Stellar " are featured in the disappointing alternative digital currency market
Alternative digital currencies have been falling widely, but both EOS and Stellar have seen strong returns despite the disappointment in the volatile digital currency market. While the price of the riyal fell about 11% this day, which was the worst performance among the ten most powerful digital currencies. This decline led to a decline in the market capitalization of the third largest currency to $ 46.7 billion.At the same time, the record currency bitcoin Cash price decrease daily by 10%,which is now Tta at a price of 1,597 dollars a market value estimated at 27 billion dollars. Saw both currencies Cardano, the White Queen, Nim, New declines in their prices by 8% approximately, which highlights the extent of the correction process taking place in the broader markets. However, two currencies of alternative currencies managed to challenge the general market trend and record positive returns. The most impressive gains were Stellar's gains from a 5% rise despite corrections. This prominent currency now has a market value of 8.6Billion dollars, placing it eighth in the ranking of digital currencies by market value. The second best performer was the EOS , which rose by 4.5% to a value of about $ 14 and a market value of $ 13.6 billion.