Market Wrap: Bitcoin, Ether Costs Slide for Fourth Consecutive Day
BTC prices continued to trade down but within a narrow trading range. Bitcoin (BTC) fell 2% on Tuesday, its fourth consecutive daily decline.The largest cryptocurrency by market capitalization has dropped 6% since crossing $25,000 briefly on Aug. 14.Ether’s (ETH) price also tumbled for a fourth consecutive day, dropping 1.2 % over the past 24 hours. The second-largest cryptocurrency by market capitalization behind bitcoin is now down 8% from the psychologically important $2,000 level it last cracked on Aug. 15. Ether has flirted with $2,000 for much of the past week after dropping below $1,000 earlier this summer.