The cryptocurrency market has recovered some of the gains lost in the last 24 hours. The market added $ 14 billion over the last day, from $ 193 billion to the current market capitalization of $ 207 billion
. There was no particular catalyst for the recent market correction. The 24-hour trading volume fell by around $ 2 billion, from $ 15 to its current $ 13 billion.
Bitcoin price analysis
The price of Bitcoin has risen from its collapse yesterday to today, trading at $ 6.465. The increase means that the BTC price has gained over 6% in the last 24 hours.
The increase in purchasing pressure has seen the price of Bitcoin along with other trades in the green zone.
Daily trading volume has lost nearly $ 1 billion in the last 24 hours. Trading volume yesterday was $ 5.2 billion, but now it has dropped to $ 4.4 billion
A look at the price of Bitcoin in the last week shows that it has been traded side, with a slight peak above the $ 6,600 mark. In addition to a decline of $ 6,000 two days ago, the cryptocurrency was trading between $ 6,500 and $ 6,300.
Ethereum Price Analysis
The ETH price has earned $ 20 in the last 24 hours. It was trading at $ 267 per coin yesterday, but it gained almost 7% to trade at $ 288.
The rapid drop in the price of Ethereum was attributed to the ICOs who downloaded Ether to the market. Meanwhile, the 24-hour trade volume has remained stagnant at around $ 2 billion despite rising prices
The price of Ethereum lost 22% in the last week despite the recent price increase. It was trading at $ 370 a week ago, but now it comes down to $ 288 per currency.
Ripple Price Analysis
Ripple's XRP added 8% in the last hours. The XRP was trading yesterday at $ 0.266, but has now risen to $ 0.288. Meanwhile, 24-hour trading volume has fallen from $ 299 million to $ 279 million.
The increase in the overall cryptocurrency market also saw the XRP price record gains.
XRP was trading at $ 0.35 a week ago, but lost 20% of its value in the last seven days to trade at currently $ 0.28.
EOS Price Analysis
The EOS price has worked excellently in the last 24 hours. It rose by almost 25%, from $ 4.39 yesterday to today trading at $ 5.87. Meanwhile, 24-hour trading volume has dropped to $ 616 million from $ 657 million
Although the EOS chart shows that it has been declining in the last week, it has only lost 3.5% during that period of time. It was trading at $ 6.08 a week ago, but is now trading at $ 5.87.
Litecoin price analysis
Litecoin has also increased by around 7% in the last 24 hours. It traded at $ 51 yesterday but recovered some of its losses to trade at $ 56. 24-hour trading volume also rose from $ 250 million to $ 266 million.
LTC has lost 15% of its value in the last 24 hours. It was trading at $ 66 per coin a week ago, but has now fallen to $ 56.