The overall cryptocurrency market started to rise after its lump last week. The total market capitalization yesterday was $ 192 billion, but rose to $ 195 billion after the recent collapse. The daily trading volume in the meantime is $ 11 billion.
There has not been an apparent catalyst for this increase, with some analysts believing that the recent collapse is just a market correction.
Bitcoin price analysis
Bitcoin has increased less than 1% in the last 24 hours. The major cryptocurrency was trading at $ 6.168 yesterday, but has now risen to $ 6.294, although it reached a maximum of $ 6.395 a few hours ago.
The price of the major cryptocurrency crashed during the week, as it lost more than $ 1,000 within a few days.
The volume of trade, however, has decreased over the last 24 hours. The daily trading volume of BTC was $ 3.8 billion, but has now fallen to $ 3.6 billion.
Against US dollars, BTC lost 14.5% of its value in the last five days. It was trading at $ 7,361 five days ago, but has since collapsed to currently trade at $ 6,294.
Price Analysis of Ethereum
Just like Bitcoin, Ethereum is traded in the green zone but has reported gains of less than 1% compared to the last 24 hours. The second largest cryptocurrency was trading at $ 196 yesterday and continues to be traded around that region.
ETH continues to underperform as it states that the performance of ICOs and tokens launched on the network affect the overall performance of the Eth.
ETH daily trading volume has also fallen in the last 24 hours, from $ 1.7 billion to $ 1.4 billion
Over the past five days, ETH has lost about 20% of its value compared to the USD. It was trading at $ 286 a few days ago, but has now fallen to $ 196. Against BTC, it has lost 31% of its value in the last five days.
Price analysis of undulations
Despite the slight increase in cryptocurrency prices, XRP is still active in the red zone. The third largest cryptocurrency has lost 2.5% of its value in the last 24 hours until now trading at $ 0.27 per currency.
The volume of daily trade has meanwhile increased, from $ 183 million yesterday to $ 191 million at present.
Against US dollars, XRP has lost only 3% of its value in the last five days. It was trading at $ 0.33 five days ago, but has now fallen to $ 0.27. Against BTC, however, it lost 17% of its value during this time period.
EOS Price Analysis
EOS has increased by over 2% in the last 24 hours. It was trading at $ 4.7 yesterday but has now risen to $ 5.03. The price increase is followed by an increase in the volume of daily trading. Yesterday's EOS trade volume was $ 583 million, but now stands at $ 619 million.
His ascent means that he is the biggest winner among the first 10 cryptocurrencies.
In the last five days, EOS lost 10% against US dollars. He was trading at $ 6.5 five days ago, but has now fallen to trade at $ 5.03. It decreased even more against BTC, losing 24% in the last five days.
Litecoin Price Analysis
LTC has followed Bitcoin and Ethereum, earning less than 1% in the last 24 hours. It traded at $ 53 yesterday, but has now risen to $ 54.
The volume of daily trading has meanwhile slipped from $ 258 million to $ 252 million yesterday.
Against the US Dollars, LTC lost 6.3% of its value in the last five days. It was trading at $ 67 five days ago, but now it has dropped to $ 54. Meanwhile, against the BTCs it has fallen by 20% in the last days.