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The cryptocurrency market has slipped again, losing $ 2 billion in the last 24 hours. Yesterday's total market capitalization was $ 223 billion, but has since dropped to $ 221 billion with Bitcoin and others in red.
For the third consecutive day, trading volume remained at $ 14 billion.
Bitcoin price analysis
The price of Bitcoin has dropped less than 1% in the last 24 hours. The BTC was trading at $ 6,616 yesterday but has now fallen to $ 6,571. There was no major catalyst for the decline as the market continues to record smaller gains or losses.
Bitcoin's 24-hour trading volume also remained stagnant at $ 3.9 billion despite a slight decline in price.
Over the past five days, Bitcoin has been able to maintain its trading price. It was trading at $ 6,578 five days ago and it remained that way though it posted a maximum of $ 6,800 during the week.
Price analysis of Ethereum
ETH has lost some gains it has enjoyed in recent days. Ethereum is down less than 1% in the last hours, from $ 230 to yesterday to $ 228.
The daily trading volume of ETH continues to decline from $ 1.7 billion from yesterday to today to $ 1.5 billion.
Ethereum is up 4.8% against the US dollar in recent days. It was trading at $ 218 a few days ago, but has since rose to trade at $ 228.
ETH is also against BTC, earning 3.5% compared to the leading cryptocurrency.
Price analysis of undulations
The third largest cryptocurrency decreases by 1%, despite some fascinating revelations that occurred during the ongoing Ripple Swell event. The XRP was trading at $ 0.57 yesterday, but has now fallen to the trade at $ 0.56.
Trade volume declined slightly, from $ 1.2 billion yesterday to today to $ 1.1 billion.
The XRP rose by 8.5% against the dollar in the last days. It was trading at $ 0.51 five days ago, but rose to trade at $ 0.57.
The XRP is also against BTC, earning 7% on Bitcoin in the last five days.
EOS price analysis
EOS remained stable, dropping just 1 cent from $ 5.7 yesterday to today, trading at $ 5.66.
He reports that Block.one, the parent company of EOS, has admitted that the manipulation of the vote has taken place and that it would work to rectify the problem without having a negative impact on the XRP price.
The daily trading volume decreased by $ 200 million, from $ 802 million yesterday to today to $ 600 million.
Against the US dollar, EOS has increased by 1% over the last five days, from $ 5.5 a few days ago to $ 5.6 a day ago. It is however increasing by 3.3% compared to Bitcoin during this period of time.
Stellar price analysis
Stellar has followed the others in recording losses in the last 24 hours. The XLM was traded yesterday at $ 0.26, but lost 1.4% of its value in the last few hours to trade at $ 0.25.
Daily trading volume fell from $ 67 million to $ 55 million.
XLM has increased by 4.3% compared to the US dollar over the last five days. It was trading at $ 0.24 five days ago, but has now risen to $ 0.25. It is almost 4% against BTC during this time period.
Price analysis of Litecoin
Litecoin is still trading at $ 60, despite the general market recording losses in the last hours. Just like the price, trading volume remained stable at around $ 460 million in the last 24 hours.
Litecoin has risen 4.4% against the dollar in recent days. LTC traded at $ 57 five days ago but recorded an increase that now sees it trading at $ 60.
LTC has also gained over 3% compared to Bitcoin in recent days.
