• Bitcoin drops below $4,000, amid a wave of sell-off.
  • Altcoins are following the lead.

The cryptocurrency market is back in the red zone as the recovery proved to be short-lived. The total capitalization of all digital assets in circulation is hovering around $130B amid resumed bearish pressure.

Bitcoin, the largest and the most popular cryptocurrency, has lost over 5% in recent 24 hours to trade at $3,945 by the time of writing. The coin is down nearly 4% since the beginning of Monday, trading with a strong bearish bias.

Ripple's XRP is hovering at $0.3596, down 2.7% since the beginning of Monday and 3.8% on a day-to-day basis. The second largest digital asset with market value $14.5B retraced from early Asian high of $0.3699, however, the short-term trend is showing signs of reversal.

Ethereum is changing hands at $112.8 at the time of writing, off the Asian high of $116.9. ETH stays well below the pivotal  $120, moving closer to $110.00. The third largest coin with the market value of $11.2B is down 4.4% in recent 24 hours and 3% since the beginning of the day.

What's going on in the crypto universe

Malaysia is about to adopt cryptocurrency regulation

Celebrities pay hefty fines for promoting ICOs 

Ledger Nano wallet adds Monero support

 

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As is customary in the Cryptocurrencies market, weekend trading results in significant movements. On this occasion, it is the Altcoin segment – and especially Ethereum –  that opens Monday's session with a considerable gain over Friday's close.

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Ethereum (ETH) price analysis: ETH/USD settles below $180.00 amid growing bearish sentiments

The second-largest cryptocurrency with the current market capitalization of $20.9 billion has broken above critical $190.00 to trade at  $194.30 at the time of writing.  ETH/USD has gained over 3% on a day-on-day basis and 2.5% since the beginning of the day.

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Dash is the 16th largest digital asset with the current market value of $818 million. After a strong growth into the ned of the previous week, the coin has settled at $90.80, trading with a short-term bullish bias.

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Ripple market update: XRP/USD settles above $0.2600, upside momentum fading away

Ripple’s XRP, the third-largest digital asset with the current market capitalization of $11.3 billion, made its way above $0.2600 barrier to trade at $0.2630 at the time of writing. 

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

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