The cryptocurrency market has lost $ 24 billion in the last 24 hours, from $ 217 billion yesterday to $ 193 billion. This is the first time that market capitalization has fallen below $ 200 billion from the start of the year
. Market capitalization fell despite Tether printing $ 50 million USDT, which usually leads to a slight increase in market capitalization. The 24-hour trading volume slipped by $ 1 billion to settle at $ 15 billion after it was $ 16 billion.
Bitcoin price analysis
The price of Bitcoin has slipped below $ 6,000 in the last 24 hours. BTC lost 7.8% of its value in the last 24 hours, from $ 6,500 to $ 6,073.
Daily trading volume lost $ 1.4 billion. It has slipped to $ 5.2 billion from $ 6.6 billion in the last 24 hours.
Bitcoin's price slipped despite Tether printing $ 50 million USDT. The USD print usually leads to a slight increase in the price of Bitcoin, but it did not happen this time.
In the last week, the price of BTC lost 14% of its value. It was trading at $ 7,065 a week ago, but has since slipped to its current $ 6,073.
Price Analysis of Ethereum
The price of Ethereum has plummeted by 17% in the last 24 hours. Among the first cryptocurrencies, ETH was the biggest loser, falling to a low of 2018. It fell from $ 322 to its current $ 267.
In the meantime, trade volume rose to $ 2 billion from $ 1.7 billion registered yesterday. The ETH price followed the general market, recording huge losses in the last hours.
A look at the weekly chart of Ethereum shows that the currency has lost 35% during this period of time. The cryptocurrency was trading at $ 411 last week, but has since fallen to $ 267.
Analysis of the prices of undulations
The XRP just as the other has collapsed in the last 24 hours. It lost 15% of its value, going from $ 0.307 to the current $ 0.267. Meanwhile, 24-hour trading volume rose $ 100 million, from $ 197 million to yesterday for $ 299 million.
The general decline in the cryptocurrency market has affected Ripple, making it one of the biggest losers among the most important cryptocurrencies.
XRP lost 14% of its value in the last week. It traded at $ 0.413 a week but has been steadily declining over the last seven days.
EOS Price Analysis
EOS has slipped by 15% in the last 24 hours. It was trading at $ 5.15 yesterday but has since dropped to $ 4.39. The 24-hour trading volume rose from $ 619 million to $ 657 million. The sell-off that affected the general cryptocurrency market also affected the EOS price.
Among the most important cryptocurrencies, EOS lost its maximum in a week. It has lost 38% of its value in the last seven days. It traded at $ 7.08 a week ago, but has been steadily declining until now trading at $ 4.39.
Litecoin price analysis
Litecoin has lost 14% of its value in the last 24 hours. It was trading at $ 60.64 per coin yesterday, but has since slipped to $ 51.55. Daily trading volume fell to $ 250 million, after recording $ 314 million yesterday.
Litecoin has diminished like the others in the last week. It has plummeted by 30% in the last seven days, rising from $ 74.45 to the current $ 51.55.