The total cryptocurrency market has lost $ 9 billion in the last few hours as the price of tokens and small market-capitalized cryptocurrencies has dropped substantially. The total capitalization of cryptocurrency currently stands at $ 212 billion.
After demonstrating a relatively strong corrective rally, the crypto market saw a decline in the value of tokens, which posted gains of 30-50% over the last 48 hours.
Nano, Zilliqa and Aelf, the best results against the US dollar and Bitcoin on 17 August, fell respectively by 18%, 13% and 12.9%, becoming the worst results in the last 24 hours.
The 24- hour trading volume meanwhile stands at $ 12 billion, which is close to $ 13 billion recorded 2 days ago.
Bitcoin price analysis
Bitcoin prices have lost 1.8% in the last 24 hours to trade at currently $ 6.407. The main cryptocurrency was traded yesterday at 6,526 dollars, but a slight decline in the cryptocurrency market has also seen its price fall.
Bitcoin's daily trading volume decreased by $ 1 billion. Yesterday, the volume of trade was $ 4.4 billion, but has now fallen to $ 3.4 billion
The price of Bitcoin has been traded between $ 6,300 and $ 6,500 39; last week, with a slight drop below $ 6,000 experienced during the week.
Price Analysis of Ethereum
The price of Ethereum dropped back to $ 300 once again when the crossovers suffered a decline. ETH lost 3.8% of its value in the last 24 hours, from $ 309 yesterday to today to $ 298 per currency.
There was no apparent catalyst for the decline in the price of Ethereum as it reacted to the general market downturn.
Daily trading volume decreased by almost $ 400 million. The 24-hour trading volume yesterday was $ 1.9 billion, but it has now fallen to $ 1.5 billion
A look at the weekly chart of Ethereum shows that the second largest cryptocurrency has lost 8.3% of its value compared to last week. It was trading at $ 325 a week ago, but has declined and now trades at $ 298.
Undulation price analysis
The XRP has dropped 2% in the last 24 hours. It hit $ 0.34 yesterday, but participated in the general market downturn, before trading at $ 0.33. This decline comes after the currency has risen by around 16% 48 hours ago.
The daily trading volume also decreased significantly. Yesterday's trading volume was over $ 500 million, but today it has fallen to $ 322 million.
In the last week, XRP has increased by 9%. It traded at $ 0.30 a week ago, but rose now trading at $ 0.33, after recording a weekly high at $ 0.37 during the week.
EOS Price Analysis
EOS lost 2.6% of its value in the last 24 hours. The smart contract and the DApp cryptocurrency were trading at $ 5.44 yesterday but fell to $ 5.21. The 24-hour trading volume has dropped from $ 945 million to $ 643 million.
The EOS price has risen by almost 2% in the last week. However, he experienced a fall below $ 5 and higher than $ 5.55 before settling at the current price of $ 5.21.
Price Analysis of Litecoin
Litecoin is currently trading at $ 57 per currency. The currency has declined 3% in the last 24 hours, from $ 59 to $ 57. The 24-hour trading volume also fell from $ 263 million to $ 221 million.
There was no apparent catalyst for this price drop as LTC reacts to the general market loss. over the past seven days, LTC has lost 5.4% of its value. It was trading at $ 60.51 a week ago, but has now dropped to $ 57.14. The currency saw a decline to $ 51 and even a weekly high to $ 61.