All major cryptocurrencies and tokens were trading with losses and, as a result, the crypto market cap fell below the $1 trillion mark on Wednesday morning.
The global cryptocurrency market went down by 5.94 per cent to $998.15 at 8.30 am. The trading volume was up by 21.94 per cent to $90.08 billion, according to Coinmarketcap data.
The trading volume in the decentralised finance coins section is about $7.49 billion, or 7.4 per cent of the total crypto market’s 24-hour volume. The volume of all stable coins is $93.47 billion, or about 92.38 per cent of the total crypto market volume in the last 24 hours.
The top gainer was Terra Classic (LUNC). It was up by 11.79 per cent to $0.00035. The top loser was Helium (HNT), down 13.27 per cent at $4.60.
Cryptocurrency Prices
Bitcoin: BTC fell 8.4 per cent to $20,388.05.
Bitcoin was trading with gains for the most part of September 13, but sometime around 5.54 pm, the price of BTC fell from $22,600 levels to $21,202 levels within an hour. It continued to fall further until it created its intraday low around $20,000 price levels at 3.44 am on September 14.