Bitcoin Reaches Below $19000, Ether Down 10% at 2-Month Low
The market cap of the cryptocurrency bitcoin has been witnessing a steady decline over the past few days.
Bitcoin, the world's most popular and largest cryptocurrency, is trading down 6% on Monday at $18,830.
Also, the global crypto market cap has fallen by 4% in the last 24 hours to below $1 trillion.
According to CoinGecko, the total global crypto market cap is trading at $974 billion as of Monday.
Apart from bitcoin, ether on the Ethereum blockchain, the second largest and popular cryptocurrency, also saw a strong drop on Monday.
Ether is trading down 10% on Monday at $1,370. Ethereum has seen a drop in the price of the cryptocurrency in recent days due to major software upgrades.
The biggest reason for the increase in the price of Ether in mid-June was due to the upgrade to the Ethereum blockchain.