Daily price analysis 11/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – Daily Crypto News, articles and tips


The cryptocurrency market has returned to collapse, losing $ 17 billion in the last 24 hours.

Yesterday's total cryptocurrency cap was around $ 227 billion, but it has dropped to $ 207 billion in the last few hours.

According to market analysts, investors are increasingly resigned to the fact that the SEC does not seem able to approve a bitcoin ETF in the near future. The 24-hour trading volume has moved in the opposite direction, rising by $ 1 billion.

Yesterday, the volume of trade was $ 12 billion but is currently $ 12.6 billion.

Bitcoin Price Analysis

Bitcoin's price fell to $ 5,995 yesterday before tracing back to the $ 6,100 region. The decline means that BTC has lost more than 7% of its value in the last 24 hours.

Bears continue to influence the market, with Bitcoin finding it difficult to record significant gains.

Without much news about Bitcoin, analysts believe that the currency and the entire market continue to be adversely affected by the US SEC's delay in Bitcoin's ETF.

The 24-hour trading volume still exceeds 4 billion dollars, even though the Bitcoins dominance has risen to 51%. A look at his weekly chart shows that Bitcoin has lost 18% of its value during this period of time.

A week ago, Bitcoin traded at 7,481 dollars, but is in decline to trade at $ 6,157 today.

Ethereum price analysis

Ethereum suffered even greater losses than Bitcoin. The second largest cryptocurrency has lost 14% of its value in the last 24 hours.

It was trading at $ 362 yesterday but fell to the current price of $ 309.

The 24-hour trading volume has meanwhile increased to $ 1.7 billion from the $ 1.6 billion registered yesterday. The fall in the price of BTC saw ETH and other cryptocurrencies that followed it.

In the last week, Ethereum lost nearly $ 100, making it one of the biggest losers in the top 10 cryptocurrencies.

Price analysis of undulations [19659012] The XRP follows Bitcoin and Ethereum in the losses recorded in the last 24 hours. It was trading at $ 0.33 yesterday but has since dropped to $ 0.29.

The 24-hour trading volume, however, increased by almost $ 30 million.

XRP recorded a daily trading volume of $ 267 million yesterday but rose to $ 288 million despite falling prices

His weekly chart saw that XRP lost a huge 30% of its value. A week ago, XRP was trading at $ 0.43 but fell along with the broader market, currently trading at $ 0.30

EOS price analysis

EOS did not lose much compared to the other discussed above. Cryptocurrency has lost 11% in the last 24 hours, falling from $ 5.33.

The 24-hour trading volume drastically dropped from $ 760 million to the current $ 699 million.

EOS, in the past one week, has lost 28% of its value, similar to XRP. It was trading at $ 7.17 per coin a week ago, but it slipped significantly until now traded at $ 4.93.

Litecoin Price Analysis

The seventh largest LTC cryptocurrency recorded losses similar to the other four explained above.

It was trading at $ 61 yesterday but has fallen to now traded at $ 56 per currency. Trading volume has increased over the past 24 hours, from $ 245 million to $ 255 million.

LTC lost 27% of its value in a week. It was trading at $ 77 a week earlier, but has now fallen to $ 56 as the bear market continues.

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