Crypto On Sept. 19: Bitcoin, Ether Crash Hard Following The Merge

KEY POINTS

The best performers were HNT, ALGO and BNX
The worst performers were ETHW, ETC, EOS, RVN and CEL
In the last seven days, BTC dropped 14.79%, while ETH's price dropped 24.85%

The crypto market opened Monday on a bearish note post the Ethereum Merge as the world's biggest cryptocurrency Bitcoin (BTC) dipped below $19,000 and Ether (ETH) fell below $1,300.

The price of BTC and ETH tokens as of 2.09 a.m. ET was $18,559 and $1297 respectively, according to data from CoinMarketCap. The trading volume of the world's biggest cryptocurrency surged 54.28% in the last 24 hours, while that of ETH rose 88.95%, confirming that the sell-off of BTC and ETH was taking place.

Data from Alternative.me showed the crypto market sentiment was in "extreme fear" and the value of the Fear and Greed Index was 21. Moreover, in the last seven days, BTC dropped 14.79%, while ETH's price dropped 24.85%

The other top 10 cryptocurrencies were all in red, with Solana (SOL) down by 7.84% to $31.08; Binance Coin (BNB) down by 5.88% to $261.85; Cardano (ADA) down by 9.17% to $0.4398; Dogecoin (DOGE) down by 7.95% to $0.05674 and Ripple (XRP) down by 4.42% to $0.3539.

The top losers in the crypto market included Celsius Network (CEL), which was down 15.06% to $1.40; Ravencoin (RVN), which was down by 15.38% to $0.0416; Ethereum Classic (ETC), which was down by 17.34% to $28.37 and ETHPOW (ETHW), which was down by 41.39% to $4.78.

The best performers in the crypto market were Algorand (ALGO), which was up 1.19% to $31.33; Helium (HNT), which was up 3.17% to $4.49; Celsius Network (CEL), which was up 28.32% to $1.91 and BinaryX (BNX), which was up 3.31% to $147.59.

Other major tokens in the crypto market were also bearish with Polkadot (DOT) falling by 11.43% to $6.23, Polygon (MATIC) by 10.05% to $0.7428 and Shiba Inu (SHIB) by 10.48% to $0.00001069.