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Ripples Brad Garlinghouse Warns China Could Replace The US Dollar

Stefan by Stefan
18/09/2018
in Ethereum News
Reading Time: 1 min read
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This Tuesday’s round of Ethereum news is not quite positive – mostly because of Ethereum’s downward trend over the past 24 hours – which led the second largest cryptocurrency by market cap below the $200 mark as the market is preparing for action this Tuesday.

Ethereum (ETH) has been on an ascendant trajectory. After dropping to $175 last week, it climbed to $225 at one point over the weekend and stabilized at the $200 mark into Monday afternoon. However, ETH is now down to $197 from yesterday, when a surge in its sell volume forced it to drop below $200 on the leveraged trading platform BitMEX, before recovering to the present value of $197.

Still, Ethereum is now down 10% for the day and trades with a market cap of just over $20 billion. However, it is not the only altcoin that was in the red again – EOS, IOTA, TRON, NEO and Ethereum Classic all followed the trend and pulled back by about 8%.
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Bitcoin is also sluggish and recently declined under 4% to $6,293 which is its price at the moment of writing. The flagship cryptocurrency is now even closer to the 60% market share, being at 56.4% and dominating the market more and more each month.

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What do you think will happen with the top 10 cryptocurrencies? Is there a surge coming – or we should be prepared for another drop? Let us know in the comments!

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: 10%20024AgainBelowEthethereumethereum newsfeaturedhoursredsinks
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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