New week, new sales in the cryptocurrency market

The price of the ethereum, the world's second-largest cryptocurrency in terms of market capitalization, as well as the most widely used blockchain network, fell to the record low levels, since April 2018. Recall that as early as Friday June 22, the crypto currency traded at levels above the round of $500 mark.

Today, shortly before the start of the American trading session, ethereum is trading at $440 per coin. Over the past 24 hours, the volatility of this digital market has increased dramatically, but all attempts to move up to growth have not been consistent, and the bears have again seized the initiative.

Other major cryptocurrencies are also traded in the red, after some attempt to recover and play out early losses, massive sales in the digital market continue. Bitcoin moved to a sharp decline on Friday on the background of strong sales. Today, pressure has intensified, and the digital currency continues to update the lows in the region of local support - the $6000 zone.

Meanwhile, the total market capitalization for all cryptocurrencies is just over $250 billion, which is the lowest level since April of this year.

FortFS