Weekly Cryptocurrency and ICO Market Analysis [September 4-10, 2017]

[patrickUN]

In the week of September 3-10, 2017, the cryptocurrency market capitalization dropped by 15.13%. This is primarily due to the breaking news regarding the ICO ban in China which came out early in the week and significantly affected the pace of the capitalization growth which remained steadily high in August 2017 (the market grew by 91.69%). In the past week, the price of main cryptocurrencies drop by an average of 12.08% (Bitcoin), 20.49% (Ethereum) and 23.58% (Litecoin). Bitcoin rate twice dipped below $4,000. The second drop was caused by the reports of the potential Chinese ban of cryptocurrency exchanges. Smith + Crown Index which tracks the changes in 11 cryptocurrencies with the highest capitalizatione dropped by 7.62%, from 9,804 to 9,110.

https://www.coinspeaker.com/2017/09/12/weekly-cryptocurrency-ico-market-analysis-september-4-10-2017/

[Minecache]

This is just another turbulence at market. NOthing to worried about. We must believe, our faith is most serious thing that make cryptos alive Believe and HODL!

[Temmy007]

Yea, believe and hodl like a spartan

[makeba]

It makes you think how incredibly strong the market is if news like these with intensive banning from China, who's purchasing power is at 1/4 of the whole market didn't bring more damage. To me, that's a very good sign.

[Caladonian]

It makes you think how incredibly strong the market is if news like these with intensive banning from China, who's purchasing power is at 1/4 of the whole market didn't bring more damage. To me, that's a very good sign.

facts remains that people still going to invest even the market already fall down a bit, and those risky people will make a huge success after the bounce back happen, we will look forward on the next month or two whether the market will falls or it will meet again its new ath.

[Mr]

Thanks for making this article and analyze everything for me. It is very useful right now and I believe that it will help me a lot in deciding which coin I should hold in this month and also in the next month. Hope that you will continue to provide us this kind of information
Best regards

[sotoshihero]

It makes you think how incredibly strong the market is if news like these with intensive banning from China, who's purchasing power is at 1/4 of the whole market didn't bring more damage. To me, that's a very good sign.

facts remains that people still going to invest even the market already fall down a bit, and those risky people will make a huge success after the bounce back happen, we will look forward on the next month or two whether the market will falls or it will meet again its new ath.

Those risk taker  are fully rewarded in the end. Thanks also to @Op for his analysis, I think theres nothing to worry about. I am very hopefuls that bitcoin will recover and not only recover but will grows higher from its previews high. There are many supporters of bitcoin and this will propel its growth.