The cryptocurrency market added $ 5 billion to its coffers in the last 24 hours. The maximum crypto-market limit was $ 206 billion yesterday, but a rise in Bitcoin and other prices saw it rise to $ 211 billion.
The cryptocurrency market continues to see an increase in the adoption of a greater number of companies in the cryptocurrency sector. Despite the bear market, the cryptocurrency industry continues to record new entries.
The 24-hour trading volume has added $ 1 billion in the meantime. Yesterday's trading volume was $ 13 billion, but has now risen to $ 14 billion.
Bitcoin Price Analysis
The price of Bitcoin fell yesterday to the $ 6,300 region before resuming trading just above $ 6,500.
This increase means that the BTC price added 2.3% in the last 24 hours. At the time of writing this report, BTC trades at $ 6,486.
A soft alternative to Bitcoin's ETF nicknamed Bitcoin ETN (note traded on the stock exchange) has been traded on the Nasdaq stock exchange in Stockholm since 2015 and traders are now trying to do so pending the approval of the 39; ETF from the SEC.
Meanwhile, daily trading volume increased by $ 200 million. It stood at $ 4.6 billion yesterday, but rose to $ 4.8 billion.
The price of Bitcoin was traded between $ 6,400 and $ 6,500. There were occasional declines, with the most notable on August 13 when it fell under the $ 6,000 mark. However he recovered and is now trading at $ 6,486.
Price Analysis of Ethereum
ETH earned 5% to finally reach the $ 300 mark. The second largest cryptocurrency suffered most among the major cryptocurrencies during the recent price increase. However, it has slowly recovered until now trading at $ 300.
There is no significant market catalyst for the recent market movement of the ETH. Meanwhile, the 24-hour trade volume has remained stagnant at $ 1.7 billion
Over the past seven days, Ethereum has lost 17% of its value. It was trading at $ 364 per coin a week ago, but it fell to $ 300. However, the movement was not linear, with falls close to the $ 250 threshold seen during the week.
Ripple Price Analysis
The third largest cryptocurrency gained nearly 6% in the last 24 hours to reach the magical value of $ 0.30. . The XRP was trading yesterday at $ 0.288, but has now risen to $ 0.300.
Ripple recently approved three cryptocurrency exchanges for XRP payments. The exchanges are Bittrex, Bitso and Coins.ph, with the exchanges with the highest volumes of exchange XRP.
The 24-hour trading volume continues to decline, from $ 272 million to yesterday to $ 258 million.
A look at the weekly XRP chart shows that it lost 11.7% of its value. He was trading at $ 0.34 a week ago, before falling below $ 0.28. He later recovered and is now trading at $ 0.30.
EOS Price Analysis
EOS gained 2.8% in the last 24 hours to trade at $ 4.81 after selling to $ 4.72 yesterday. The cryptocurrency gained from a general increase in the market.
Daily trading volume added over $ 100 million last day. It stood at $ 650 million yesterday, but has now risen to $ 769 million
EOS is still on the losers side when we take a look at its weekly chart. It was trading at $ 5.77 a week ago, but it slipped by $ 16% during this time to trade at $ 4.81.
Price analysis of Litecoin
Litecoin rose slightly to $ 56.7 after closing at $ 56 for the better part of yesterday. The seventh largest cryptocurrency has seen its daily trading volume drop by $ 9 million, from $ 229 million to $ 220 million.
LTC has lost 11% in the last seven days. Bitcoin's sister currency traded at $ 64 a dollar a week ago, but fell to its current price, although there were falls below $ 55 during the week.