Cryptocurrency traders will be breathing a sigh of relief this morning after the crypto sell-off came to an end during European and U.S. trade.
This left the entire market with a value of US$328.1 billion according to Coin Market Cap, roughly in-line with where it was 24 hours ago.
Here is the state of play on Friday morning:
The bitcoin (BTC) price is down just under 1% since this time yesterday at US$8,287.45 per coin, giving bitcoin a market capitalisation of US$140.2 billion. At one stage bitcoin had fallen as low as US$7,783 per coin, before staging its recovery. Traders had been rushing to the exits yesterday after Google announced that it would be banning all cryptocurrency advertising from June.
The ethereum (ETH) price is down 2% over the last 24 hours to US$605.66 per token. This has reduced the second largest cryptocurrency's market capitalisation to approximately US$59.5 billion.
The Ripple (XRP) price is off 3.5% during the last 24 hours to 68.7 U.S. cents. This latest decline means that the popular altcoin now has a market capitalisation of just over US$26.8 billion. Ripple had dropped as low as 64.5 U.S. cents on Thursday.
The Bitcoin Cash (BCH) price is down 3.2% since this time yesterday to US$927.73, reducing the bitcoin spin-off's market capitalisation to US$15.8 billion.
The Litecoin (LTC) price has fallen just 0.5% during the last 24 hours to US$162.68 per coin, leaving it with a market capitalisation of almost US$9.1 billion.
The declines have been much heavier outside the top five with the Cardano (ADA) price the worst performer over the last 24 hours. Although it has recovered slightly from yesterday's huge sell-off, it is still down 10% during the period to 18.3 U.S. cents.
Foolish takeaway
I expected that yesterday's declines would have continued overnight, but pleasingly for crypto traders this wasn't the case. Which will make today's Asian trade session very interesting to observe.
