Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, NEO, XEM
Cointelegraph
Published Sep 06, 2020 02:47PM ET
Updated Sep 07, 2020 04:40PM ET
The U.S. stock markets, gold, crude oil, and crypto markets have all corrected in the past week, which shows that traders booked profits in most asset classes. The total crypto market capitalization corrected from a high of above $394 billion to a low of about $313 billion, which is roughly a 20% correction.
This decline also led to a sharp fall in Bitcoin (BTC) futures open interest, which was down by $653 million on Sep. 3, suggesting squaring up of positions by a few professional short-term traders.
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Written By: Cointelegraph
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