Sunday, August 26: After a brief recovery yesterday, the cryptographic markets have declined again, with only three of the top 10 market capitalization cryptocurrencies to see green today.
Market view from Coin360
Bitcoin (BTC ) is one of the lucky ones, less than 1% on the day, trading at $ 6,740 at the time of the press. The cryptocurrency has also managed to keep the weekly earnings, which represent 2%, having peaked at $ 6,778. Yesterday, Bitcoin fell to a low of $ 6,587 before today.
Bitcoin 24-hour price chart Source: Cointelegraph Bitcoin Price Index
After an increase in about $ 282 yesterday, Ethereum (ETH) is now down 2% to trade at $ 272 at the time of printing.
Grafic o Ethereum prices Source: Ethereum Cointelegraph price index
The total market capitalization of all currencies has increased slightly in the last 24 hours, after reaching an intra-day low of 212 billion dollars, is currently 218 billions of dollars, compared to yesterday's maximum of $ 216 billion.
Total market capitalization graph. Source: Coinmarketcap
Bitcoin continues to increase its dominance on the market, with a market share of 53.3% at the time of printing, compared to 51.5% a week ago.
Bitcoin's share of total capital market Source: Coinmarketcap
IOTA is the only cryptocurrency in the top ten by market capitalization has grown by over one percent in 24 hours at the time of printing – in fact, it gained up to 12.5 percent, to trade at $ 0.60.
In terms of earnings, one of the biggest winners is Tezos (XTZ), up 97% on the week and trading at $ 2.64 at the time of printing.
Yesterday, Fundstrat's research leader Tom Lee said in an interview with CNBC that the cryptocurrency "could end the year explosively higher", citing a correlation between it and markets in growth, and claiming that it still believes that Bitcoin could hit $ 25,000 by the end of 2018.
According to Lee, the "tide is changing" for both Bitcoin and emerging markets, especially if the US Federal Reserve slows its interest rates increase.