The cryptocurrency market has shed $5 billion over the past 24 hours, dropping from $214 billion to $209 billion. This drop comes despite Tezos recording gains over the past 24 hours.
The total trading volume has also dropped to $11 billion from the $12 billion recorded yesterday.
Bitcoin price analysis
The Bitcoin price is still trading above the $6,400 mark. It was trading at $6,469 yesterday and has been trading around that mark. The BTC price currently stands at $6,421. The Bitcoin dominance still stands above 50% as Bitcoin’s total market cap is $110 billion.
The daily trading volume has increased by $200 million, from $3.5 billion to $3.7 billion.
A week ago, Bitcoin was trading at $6,007 but it has gained 6.4% over the past seven days to now trade at $6,421. During the week, BTC price experienced a high above the $6,600 mark.
Ethereum price analysis
The second largest cryptocurrency continues its decline after it failed to hold its $300 support. The cryptocurrency was trading at $291 yesterday but has lost 6% of its value to now trade at $280.
Just like the price, the ETH 24-hour trading volume has also dropped. The daily trading volume yesterday was $1.5 billion but has since dropped to $1.3 billion. There are expectations that the price will soon rise past its current level.
A look at Ethereum’s weekly chart shows that the currency has gained 3.6% over the past one week. It was trading at $269 a week ago, with highs above the $300 mark experienced during the week.
Ripple price analysis
XRP has been trading sideways over the past 24 hours. The cross-border payment cryptocurrency has been trading around the $0.33 level over the past one day. The cryptocurrency is currently down 2% against the US Dollars as the wider market slips.
The daily trading volume meanwhile has dropped massively from$2365 million to now stand at $301 million.
Over the past one week, XRP has gone up by 13%. It was trading at $0.26 a week ago but has gone up now trade at $0.33, after experiencing a weekly high at $0.37 during the week.
EOS price analysis
The coin dubbed the Chinese Ethereum was one of the biggest losers amongst the leading cryptocurrencies. It lost nearly 7% of its value over the past 24 hours. It was trading at $5.21 yesterday but has now dropped to $4.85.
This drop comes despite China ranking EOS as the leading public blockchain again.
EOS daily trading volume took a hit alongside the price. It slipped by $300 million, from $760 million to $460 million over the past 24 hours.
EOS has gained 9.3% over the past seven days. It was trading at $4.40 a week ago but has now settled at $4.85 after reaching $5.50 during the week.
Litecoin price analysis
Litecoin followed the others in recording losses over the past 24 hours. LTC lost 3% of its value over the past one day, dropping from $57 to $55.
The daily trading volume has risen for the second consecutive days, rising from $228 million to $234 million.
LTC’s weekly chart shows that the currency has gained 7.2% over the past seven days. It was trading at $51 a week ago but is now trading at $55.