After a couple of days of disappointing trading the cryptography market has rebounded in the last 24 hours and earnings have been seen largely across the board.
This has raised the entire value of the crypto market from 1.4% to US $ 224.7 billion according to Coin Market Cap.
Here is the status of the works Saturday morning:
The price Bitcoin (BTC) rose 1.2% in the last 24 hours to US $ 7.028.43. This gives the world's largest cryptocurrency a market capitalization of $ 121.2 billion. Bitcoin lost about 10% of its value in August. Traders hope that September is a better month for the colossus of the crypt.
The price of Ethereum (ETH) lost 0.5% of its value since yesterday and falls to 282.61 USD. The market capitalization of Ethereum fell to 28.7 billion US dollars following this last decline. There does not seem to be an obvious reason why today has underperformed the rest of the market.
The price Ripple (XRP) rose by 0.2% in the period up to 33.51 US cents. This led to the market capitalization of currency alt at US $ 13.3 billion.
The price Bitcoin Cash (BCH) increased by 0.4% in the last 24 hours to $ 540.42. This gives Bitcoin a market capitalization of just under $ 9.4 billion.
The price EOS (EOS) got a good 6% from yesterday to US $ 6.40. . This has improved the EOS market capitalization to $ 5.8 billion.
Out of the first five there were earnings for Stellar (XLM), Litecoin (LTC) and Cardano (ADA). Stellar rose 0.5%, Litecoin rose 2.5% and Cardano grew by 1.3%. The US dollar tied Tether (USDT) fell slightly and IOTA (MIOTA) lost 0.2%.
What are the perspectives?
I feel that things seem a little conflicting for the encrypted market right now and that prices could go either way. That's why I'm going to keep my dust dry and keep the safety of collateral activities under control.
Motley Fool contributor James Mickleboro has no position in any of the titles mentioned. Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all have the same opinions, but we are all convinced that, considering a diversified range of insights, we have become better investors. Motley Fool has a disclosure policy. This article contains only general investment advice (with AFSL 400691). Authorized by Scott Phillips.