Bitcoin traded below $19,000 on Wednesday while the total crypto market capitalization surrenders its $1 trillion benchmark.
As of writing, bitcoin, the number one crypto is selling at $18.786 on CoinMarketCap. It is down about 5.9% over the past 24 hours while the price of ether flirted with $1,500 as crypto tracked traditional financial markets lower.
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Wednesday’s losses bring bitcoin back within range of its 2022 low of $17,600, which it hit in June. Ether’s losses over the past 24 hours are even greater than bitcoin’s as it trades at $1,518, having dropped 8.6%.
The global crypto market cap was trading below $1 trillion again on Wednesday, having flirted with this level at various points throughout August. As of writing, the total market cap of crypto according to CoinMarketCap is $941,469,485,730.678.