Cryptocurrencies See Sharp Fall, Bitcoin Plunges Below US$ 18,400, Ether Down To US$1,327

Cryptocurrencies are showing a sharp bearish trend now. Today, on September 19, at 6.14 pm UTC, Bitcoin fell by 2.51% intra day, and was quoted at US$ 18,929.30. Today, the largest crypto fell below US$ 18,400, its day's low was quoted at US$ 18,310. Yesterday, Bitcoin closed at US$ 19,417.60. In the last 5 days, Bitcoin fell by 6.42%. In the past 1 month, it has dropped by 9.15%. Additionally, in the last 6 months, Bitcoin plunged by 55.18%.

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A slide in cryptocurrencies Monday sent Bitcoin to a three-month low as sentiment took a knock from a wave of monetary tightening that's set to stretch from Europe to the US this week. Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures. Higher borrowing costs are sapping the liquidity that the crypto sector relies on. Ether, the second-largest token, was at a two-month low. A jump in the coin since mid-June - spurred by hype around an upgrade of the Ethereum blockchain to slash energy usage - is unwinding now the revamp is done.," a Bloomberg report noted today.

Other major cryptocurrencies have also fallen today. Ethereum was quoted at US$ 1,327.14, down by 0.57%. Yesterday, Ethereum closed at US$ 1,334.72. Litecoin was quoted at US$ 51.53, down by 2.13%, Dogecoin was quoted at US$ 0.0572 down by 0.38%, and Cardano was quoted at US$ 0.4445 down up 1.15% today, till last traded.

The US stock markets are also bearish today. S&P 500 down by 0.21%, stood at 3,865.28, and Nasdaq Composite fell by 0.17%, stood at 11,429.30, at the time of writing. On the other hand, US Dollar index gained to 109.80, till last traded.