The cryptocurrency market reined in its excitement today, with a noticeable correction from yesterday’s market-wide rally. Bitcoin lost 200 points but is continuing to maintain its strong market dominance at 70.50%.

Altcoins are suffering, with notable losers including BNB(-4%), LINK(-4.84%) and ATOM(-6.66%), while the rest of the top-50 show losses between one and three percent.

 

Cryptocurrency Market Prices September 3
Cryptocurrency market dynamics since September 3. Source: Coin360

 

A price correction was to be expected, as the initial excitement from the VanEck “ETF” waned. As reported yesterday by Crypto Briefing, the news had been offered in exceedingly flattering terms. The product in question is far from a true ETF, much less a game-changer.

The Bitcoin vs gold debate has also continued, with Peter Schiff vehemently defending the metal as the true safe-haven against Anthony Pompliano.



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Author: Andrey Shevchenko

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