Daily price analysis 12/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – Daily Crypto News, articles and tips


The cryptocurrency market has recovered some of its losses in the last 24 hours. The total capitalization of the cryptocurrency added $ 5 billion to the current value of $ 215 billion.

With the total capitalization increasing, the 24-hour trading volume has decreased. Yesterday, the volume of trade was $ 13 billion, but fell to the current level of $ 11 billion.

Bitcoin Price Analysis

Bitcoin's price rose sharply in the region of $ 6,400 yesterday after selling over $ 6,100 for the better part of the day. Bitcoin rose 4.4% to reach $ 6.458 yesterday. Since then it has decreased slightly to settle at $ 6,341.

Bitcoin has reached a level of dominance of 50% despite falling prices in recent weeks. Bitcoin's 24-hour trading volume has fallen below $ 4 billion despite the price increase

Bitcoin has lost 9.7% of its value over the past seven days. It was trading at $ 7.026, but fell to the current level of $ 6.341.

Price Analysis of Ethereum

The price of Ethereum recovered excellently after slipping below the $ 310 mark yesterday. ETH dropped to $ 308 yesterday before earning 7% to reach $ 331 per currency. However it decreased slightly and is currently trading at $ 325.

There was no major catalyst for this move, with the general market experiencing pressure # 39; purchase. The 24-hour trading volume remained stagnant at $ 1.7 billion despite the cryptocurrency gains.

The weekly chart of Ethereum shows that it has lost 20% of its value in the last seven days. It was trading at $ 406 a week ago, but it dropped significantly to the current value of $ 325

Undulation price analysis

XRP did not record many gains in the last 24 hours compared to other major cryptocurrencies . It has increased by less than 2% during this period of time. It was trading at $ 0.300 yesterday but rose to $ 0.306.

Currency like the others enjoyed an increase in purchasing pressure in the broader market.

The volume of trade has significantly decreased in the past 24 hours. Yesterday's XRP trade volume was $ 293 million, which then dropped to $ 216 million in the last 24 hours.

A week ago, XRP traded at $ 0.430 but lost 28% of its value currently trading at $ 0.306. [19659003] EOS Price Analysis

EOS which is the fifth largest cryptocurrency has seen its price rise less than 1%, rising from $ 5.11 to $ 5.14 currently.

Among the first cryptocurrencies, EOS has earned the minimum in the past 24 hours. Daily trading volume continued to decline from $ 699 million to $ 680 million.

EOS lost 26% of its value in the last seven days. It was trading at $ 7.01 a week ago, but it is similar to the rest of the cryptocurrency world, it has declined and is currently trading at $ 5.14

Litecoin price analysis

The cryptocurrency that is nicknamed Bitcoin's sister has recorded excellent earnings in the past 24 hours.

It was trading at $ 57 per coin yesterday, but rose nearly 4% to reach $ 61. It retraced a little & currently stands at $ 60. [19659002] LTC added $ 4 million to its trading volume over the last day. Daily trading volume was $ 254 million yesterday, but rose to $ 258 million.

In the last week, LTC lost 17% of its total value. It fell from $ 73 per hour traded to $ 60, even if the price activity was mixed during that time period.

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