The total cryptocurrency market has lost $ 7 billion in the last 24 hours. The decline comes as Bitcoin and most of the top ten have lost some value. Yesterday's total cryptocurrency was about $ 230 billion, but it has now fallen to $ 222 billion.
The daily trading volume, on the other hand, has remained stagnant at $ 13 billion in the last 24 hours.
Bitcoin price analysis
The leading cryptocurrency has lost 2% of its value in the last 24 hours and has fallen below the value of $ 7,000. Yesterday, BTC was trading at $ 7,106 but is now down to $ 6,942.
Bitcoin has not been able to maintain its gain even though it seems to have established strong support for $ 6,800.
Yahoo Finance announced it has integrated Bitcoin trading on its platform, but this has not stopped the price decrease
The 24-hour trading volume has also fallen in the last hours, rising from $ 4.5 billions to $ 4.2 billion.
Despite the slight drop in the last few hours, the price of Bitcoin was still appreciated by 7.3% in the last week. The bitcoin was trading at $ 6,431 a week earlier and rose steadily to reach a weekly high of $ 7,107.
Price Analysis of Ethereum
Ethereum has lost the gains recorded in the last two days. The second largest cryptocurrency has lost 4% of its value in the last 24 hours, rising from $ 285 to $ 279.
The decline comes despite Yahoo Finance announcements of having integrated the trading services Bitcoin, Ethereum and Litecoin on its platform.
Despite the fall in prices, the daily trading volume still stands at $ 1.5 billion
A look at the weekly chart of Ethereum shows that the cryptocurrency has not recorded many gains. It was trading at $ 276 per coin a week ago, although it had a weekly peak of $ 297.
Undulation price analysis
After rising to $ 0.34, XRP lost 5% of its value to trade at $ 0.52. Among the major cryptocurrencies, Ripple was the biggest loser in the last 24 hours. There was no apparent catalyst for this decline as it participated in the broader market slide.
The daily trading volume of cryptocurrency decreases by $ 50 million. XRP's 24 hour trading volume yesterday was $ 316 million, but has since slipped to $ 266 million.
A week ago, XRP was trading at $ 0.32 and is currently trading at that price. However, it recorded an increase of $ 0.35 during the recent increase in encryption prices.
After an increase of over 5% yesterday, EOS has lost part of this gain in the last hours. EOS was trading yesterday at $ 6.20, but the general market downturn led to a fall of $ 5.7.
EOS developers are currently searching for solutions after identifying a smart contract bug that allows malicious code authors to effectively consume network resources owned by other users.
The daily trading volume has moved in the opposite direction. The 24-hour trading volume for EOS yesterday was $ 731 million, but has now risen to $ 663 million.
EOS gained 18% in the last week. The cryptocurrency was trading at $ 4.67 a week ago, but began to rise steadily and now trades at $ 5.87 after passing the $ 6 sign yesterday
Litecoin Price Analysis
lost greatly in the last 24 hours, losing 4% of its value during that period of time. Litecoin was trading at $ 63 yesterday but has now fallen to $ 59 per currency.
The 24-hour trading volume has slipped from $ 245 million yesterday to the current $ 209 million level.
In the meantime, a look at his weekly chart shows that he appreciated by 6.7% in the last seven days. He was trading at $ 55 a week ago, but with a weekly maximum of $ 63.