On September 10, Bitcoin experienced an unforeseen spike in its price, rising from $6,190 to $6,450. Yet, the rest of the market has struggled to recover, demonstrating slow movements.
On August 15, the cryptocurrency market reached its lowest point in the year at $191 billion. Over the past 24 hours, the valuation of the market has declined from $200 billion to $196 billion, moving towards its yearly low.
Bitcoin has remained relatively stable in the $6,300 region while most small market cap cryptocurrencies have fallen in value against both Bitcoin and the US dollar.
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