Market-Wide Losses Intensify in Second Day of Major Crypto Price Plummet

Bitcoin is trading at around $6,492 at press time, down almost 6.32 percent on the day, according to Cointelegraph's Bitcoin Price Index.

The top coin is now around 8 percent down on its weekly chart.

On the month Bitcoin remains up by around the same figure of 8 percent.

Ethereum is trading around $225 at press time, losing 8 percent on the day.

On its weekly chart, Ethereum is down a hefty 21.8 percent, with monthly losses burgeoning to 44.8 percent.

Many of the top ten coins listed on CoinMarketCap are seeing significant losses, with Litecoin down 7 percent to trade at $55.92, having traded as high as $69 September 4.

Ripple is a significant outlier, surviving the day's dump relatively unscathed, up 2.15 percent on the day to trade around $0.30.

Among the top twenty coins, most losses are at five percent or higher, with IOTA, down 6.41 percent on the day to press time.

VeChain has also lost almost 8 percent on the day to trade at $0.015.

"Previous corrections 2014, 2016 were much more brutal than the 2018 crypto correction. On average two-year corrections were suffered, with no positive development for investors to track. In 2018: 1. crypto jobs up 50% in Asia 2. Bakkt 3. Better crypto custody for institutions."