September Cryptocurrency Review: A Miserable Month For Altcoins

Ethereum, EOS, Cardano and Iota got smashed while XRP, Stellar, Tezos and Dogecoin survived the big dip.

September has not been a good month for crypto markets. Following the huge rout in August things got worse and new lows were reached once again. September 12 marked the lowest point for 2018 and well over a year for many cryptocurrencies. Total market capitalization fell to $186 billion, 77% down from its all-time high.

Over the course of the months markets fell by 3.5% to end it at $222 billion. Almost $40 billion was dumped in one go early on in September marking the biggest 24 hour fall of the year. Things slowly started to recover towards the end of the month but it has still been the worst of the year for digital currencies.

Bitcoin suffered in September starting off the month at just over $7,000 and ending it 5.7% down to $6,600. BTC market dominance however climbed to a 2018 high of 58% as Ethereum and the altcoins plunged to their lowest levels for over a year. It has since…