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Prices for most cryptocurrencies are heading south today, while the one week pullback continues and the trading activity falls.
The global daily trading volume is now $ 13.7 billion. Total market capitalization decreased to $ 262 billion, down $ 10 billion in the last 24 hours.
However, the effect of a shrinking market means that the Bitcoin domain (BTC) has increased. It is now at 48.5%.
Price analysts and several bitcoin bulls argue that BTC will probably go even lower, before correcting higher.
Despite this, the interest in cryptography is still there. A good example is SBI Holdings, which recently announced that it would introduce a trading platform for encrypted derivatives.
BTC / USD Price Analysis
Bitcoin is trading over 4 percent less in the last 24 hours and more than 7 percent in the last seven days. The main digital resource has seen this figure fall this week from levels above $ 8,000.
BTC / USD is currently trading at $ 7,406 and could still see further price drops seen on hourly charts.
The bitcoin price was trading at an intraday high of $ 7,582, but hit a minimum of $ 7,328. A slight decline again saw prices fall again to $ 7.376. There is a huge pressure that could see a lower trend.
Trading activity slowed during the week for most cryptids, including for BTC which now has an average daily trading volume of $ 4.6 billion.
The highest cryptocurrency has a market capitalization of $ 127 billion, losing over $ 4 billion in the last 24 hours.
Analysis of ETH / USD prices
Ethereum (ETH) also declined from Monday, and today sees the currency lose further. Its price tends to the south both during the hourly and daily sessions.
The second largest currency is over 3.2% in red during the day's trading period. During the week, ETH / USD lost more than 11% of its value.
Eth fell from a high of $ 423 this morning to a low of $ 399 before a slight rise to $ 411.
He is currently trading hands at $ 409 against the USD and could touch $ 400 if the continuous trend. However, an upside can see $ 424 reach if buyers return to the market.
However, it performed relatively strongly against BTC, currently trading at 0.05544230 BTC (0.72%).
The average daily trading volume on CoinMarketCap is now $ 1.6 billion, the same range as that seen for much of the week. The market capitalization of Ethereum is $ 41 billion.
XRP / USD Price Analysis
Ripple (XRP) has been relatively unchanged over the last 24 hours. Its price remains limited and is seeing a very small increase even with a positive hourly outlook.
XRP is among the few coins traded in the green within an hour, but the overall market weakness means that
The XRP / USD currently trades at $ 0.438 against the US dollar, remaining within the narrow range observed in the whole week.
He still got some gains against BTC, currently trading at 0.00005931 BTC (now 2.86% more in the last 24 hours).
The average daily trading volume is $ 276 million, a higher asset today compared to $ 204 million yesterday. The market capitalization of the third largest crypt is now at $ 17.2 billion.
EOS / USD Price Analysis
The EOS price gained over 2% in the last hour to see its $ 0.12 value compared to the August 2 closing. It is also trading slightly less than 1% in green in daily charts.
The coin of the 5th classified is still in red during the week, losing almost 13% at the time of writing. [19659002] The downward trend has seen its value fall below $ 6.92. The bulls found it difficult to overcome the resistance at $ 7.20 on the last day.
It currently trades at $ 7.15 against the US dollar and 0.00096632 against BTC, gaining over 3% in the last 24 hours.
EOS has a daily trading volume of $ 601 million and a market capitalization of $ 6.4 billion
XLM / USD price analysis
Stellar (XLM) is behaving badly against both dollar and BTC. The recent decline saw its price drop from highs above $ 0.34 to a low of $ 0.246.
It is currently trading at $ 0.253 against the US dollar, down more than 8% in the last 24 hours. It is also over 4 percent less than the best counter chips. XLM is currently trading at 0.00003429 BTC (-4.94% less in the last 24 hours).
XLM / USD is very weak at the moment and could see lower prices touching $ 0.20 compared to the US dollar. Rises will find resistance at $ 0.27 and $ 0.30.
Stellar's average intraday trade volume is $ 73 million and the market capitalization is now $ 4.7 billion, dropping by over $ 4 billion in the last 24 hours.
LTC / USD Price Analysis [19659007] Litecoin's (LTC) price has been trading in a steady downward trend for much of the week. The last 24 hours are not different, with very controlled sellers. It keeps just above $ 75 compared to the US dollar.
The LTC price decreased from $ 78 to a minimum of $ 74.62 according to CoinMarketCap data. It is down more than 2.8% during the day and almost 9% less during the week.
LTC / USD is currently trading at $ 75.60 and is marginally better than BTC with less than 1% in green. Litecoin is currently trading at 0.01024067 BTC (0.75% more)
The average volume of intraday exchanges for the currency of the ranked seventh is now $ 300 million, while the market capitalization is $ 4.3 billion.
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