The cryptocurrency market has lost $ 9 billion in the last 24 hours. The total capital cryptocurrency cap was $ 217 billion yesterday, but fell to $ 208 billion
This slip comes after the US SEC has rejected nine Bitcoin ETF proposals from ProShares and two others.
The daily trading volume fell from $ 12 billion yesterday to today is $ 11 billion.
Bitcoin Price Analysis
Bitcoin's price fell from $ 6,692 yesterday to current trade at $ 6,447. The drop came before U.S. SEC rejected two Bitcoin ETF proposals from ProShares and seven others.
The refusal has had no effect on the price of Bitcoin so far. The dominant position on the Bitcoin market still stands at 53%. Daily trading volume rose from $ 4.1 billion to $ 3.9 billion in the last 24 hours.
Bitcoin was trading at $ 6,416 a week ago, but has since traded sideways, reaching a weekly high of $ 6,786 yesterday.
Price Analysis of Ethereum
The price of Ethereum has lost almost 4% in the last 24 hours, rising from $ 281 to today trading at $ 275. ETH has slipped alongside the general market while cryptocurrencies have lost most of the gains recorded yesterday.
The daily trading volume returned to $ 1.3 billion after reaching $ 1.5 billion yesterday. The price should go down even lower in the next few hours.
In the last seven days, ETH lost 5.8% of its value. It was trading at $ 292 a week ago, but it has now fallen to $ 275.
Ripple Price Analysis
Ripple followed Ethereum and Bitcoin in the losses recorded in the last 24 hours. XRP has lost more than 5% of its value in the last hours, rising from $ 0.34 to $ 0.32. The Ripple CTO states that the XRP ledger is completely decentralized.
Daily trading volume fell for the third consecutive day. It was $ 265 yesterday but today it slipped to $ 238.
Despite the recent loss, the XRP price is still up 9.3% from its position a week ago. It was trading at $ 0.29 a week ago, but rose to $ 0.32, with a weekly high lived at $ 0.35 during the week.
Analysis of EOS prices
The DApp cryptocurrency and smart contract lost 5.6% of its value compared to the last 24 hours. The currency traded at $ 5.04 yesterday, but has now fallen to $ 4.71 as a result of a slide in the broader market.
24-hour trading volume also dropped from $ 592 million yesterday to $ 453 million.
The price of EOS a week ago is similar to its current price. It was trading at $ 4.75 a week ago, but recorded a peak of $ 5.51 and a minimum of $ 4.55 during the week.
Litecoin price analysis
Litecoin lost 3% of its value in the last 24 hours to trade for $ 55. LTC has been trading between $ 55 and $ 57 in the last five days.
Daily trading volume fell by $ 7 million. The LTC 24-hour trading volume yesterday was $ 217 million, but has now fallen to $ 210 million following a decline in the LTC price.
Litecoin lost about 1% of its value in the last week. It traded at $ 56 a week ago, although it registered a maximum of $ 61 and a minimum of $ 54 during the week.