RATE Group | August Cryptocurrency Review: Ethereum, Bitcoin Cash, and Neo dump over 30%
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August Cryptocurrency Review: Ethereum, Bitcoin Cash, and Neo dump over 30%

01 Sep August Cryptocurrency Review: Ethereum, Bitcoin Cash, and Neo dump over 30%

Posted at 13:09h in Ethereum News by

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Ethereum, Bitcoin Cash, Neo and Nem got smashed while VeChain, Dogecoin and Nano survived the red month.

August will probably go down as the worst month in crypto for 2018. There were few survivors of the massive rout that dumped the prices of many altcoins to their lowest levels for over a year. Following gains in July things turned south rapidly and the bears pummeled the markets to a low of below $200 billion. In the first two weeks of the month markets lost 30% to crash to $189 billion before recovering to $226 billion by the end of the month making the loss 16% overall.

august markets

Bitcoin dropped 8% throughout August falling from around $7,600 at the beginning to $6,980 by month end. Its lowest point was on the 14th when it fell to $5,985. The good news for BTC was that its market dominance rose by 5% from 48% to 53.2% over the month indicating that the altcoins once again have taken the brunt of the beating.

August Crypto Winners

Tether could be considered one of the few winners in August…

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