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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 7 | Cell Phone Spy and Mobile Tracking Software
Reports that Goldman Sachs had scrapped plans for a crypto trading desk sent markets tumbling earlier this week, but is there a trend change in sight? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Total crypto market capitalization tumbled from $239 billion on September 5 to $200 billion on September 6, according to data from CoinMarketCap. One of the probable triggers for the fall was a Business Insider report that Goldman Sachs was dumping its plans to launch a cryptocurrency trading desk.On September 6, Goldman Sachs Chief Financial Officer Martin Chavez called the news as "fake." He clarified that the investment bank is still working on a type of derivative for Bitcoin. Though this news stabilized markets, it did not result in a sharp price