Daily price analysis 09/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – Daily Crypto News, articles and tips


The cryptocurrency market continues to bleed, with the market losing over $ 8 billion in the last 24 hours. The total capital cryptocurrency cap currently stands at $ 223 billion, which is low compared to $ 231 billion recorded yesterday

Even 24-hour trading volume has declined, losing $ 1 billion in the last 24 hours. Yesterday's trading volume was $ 15.5 billion, but fell to $ 14 billion. The decrease in the volume of trade coincides with the fall in the price of Bitcoin at the level of $ 6,300.

Bitcoin price analysis

Bitcoin's price has lost around $ 200 in the last 24 hours. At this time, yesterday, the price of Bitcoin was traded above the region of $ 6,500 but decreased by 3% to currently trade at $ 6,314.

24-hour trading volume also fell from $ 5 billion, currently $ 4.5 billion.

The price of Bitcoin continues to react negatively to the delay on the Bitcoin ETF by the US SEC. The commission postponed its decision on Bitcoin's ETF in September, which led to the collapse of the Bitcoin price.

Over the past seven days, the price of Bitcoin has lost 17% of its value. BTC traded around $ 7,653 a week ago, but currently trades at $ 6,350.

Price Analysis of Ethereum

ETH is currently trading at $ 361, after falling from $ 370 in the last 24 hours. This change means that the ETH price has lost 2% of its value during that time period.

The 24 hour trading volume has not changed much in the last 24 hours. The daily trading volume currently stands at $ 1.8 billion, which is only a little shy of the $ 1.9 billion recorded yesterday.

A look at the weekly chart of Ethereum shows that the cryptocurrency has lost 13.8% in the last seven days. It was trading at $ 419 per coin a week ago, but it is currently trading just above $ 361.

Undulation pricing

The XRP price has slipped by 3% in the last 24 hours. This time yesterday, the token was trading at $ 0.35 after slipping from the previous $ 0.41.

It dropped further to the current level at $ 0.34. Unlike the coins listed above, XRP recorded an increase in its 24-hour trading volume. Yesterday's trading volume was $ 320 million, but increased to $ 347 million.

A global law firm, Rosen Law Firm, has released a press release stating that it is investigating Ripple Labs, Inc. and XRP.

However, the news did not have much effect on the price of the currency. In the last week, XRP lost 23% of its value. It is currently trading at $ 0.34, compared to $ 0.44 traded seven days ago.

EOS Price Analysis

EOS lost 6.6% of its value in the last 24 hours. It was trading just over $ 6 yesterday, but currently it trades around $ 5.66.

The 24-hour trading volume meanwhile went in the opposite direction from $ 750 million to its current $ 781 million.

Over the past seven days, EOS has decreased by around 20%. The EOS price of a week ago was $ 7.09 but continued to decline and is now trading at $ 5.66.

Litecoin price analysis

The seventh largest cryptocurrency fell in price just like the others. It was trading at $ 66 twenty-four hours ago, but it is currently at $ 62 per coin.

Trade volume fell to $ 300 million after recording $ 315 million yesterday.

The LTC price has lost 19% of its value compared to the last seven days. The cryptocurrency that is currently trading at $ 62 was priced at $ 77 a week ago.

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