Bitcoin price drops down to $11,300

On Thursday, September 3, the price of bitcoin falls.

At 09:30 UTC, the first cryptocurrency was trading at $11,319.67 (-4.37%), according to CoinMarketCap.

BTC/USD chart of Bitstamp from TradingView Ether fell to $431 (-9.21%).

XRP fell 8.68% to hit $0.271. 9 of the top 10 cryptocurrencies are trading in the red.

The FxPro team of analysts notes: “After cautious attempts at growth and small corrections, the crypto market nevertheless moved to a larger sale, which washed out $17 billion of total capitalization in a day. Almost all of the top 100 coins turned red. By Thursday morning, bitcoin is losing almost 5% and changing hands for $11,300. Thus, the support area of ​​about $11,500 is broken, but there is still a chance of buyers returning, as the stock markets remain moderately optimistic. Could Bitcoin fall further, pulling the rest of the crypto market with it? The Greed and Fear Index for Bitcoin and the largest cryptocurrencies answers yes”.

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