MENU

Crypto update: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have a solid weekend

It was a reasonably mixed weekend of trade for cryptocurrency markets with a lot of the solid gains made on Saturday being given back during trade on Sunday.

This has, however, led to an improvement in the value of the entire market to US$331 billion according to Coin Market Cap, up 3% since Friday afternoon.

Here is the state of play on Monday morning:

The bitcoin (BTC) price is currently fetching US$8,588.48 per coin, down 3.5% since this time yesterday. Over the weekend the world’s largest cryptocurrency came within a whisker of breaking through the US$9,000 mark, but just couldn’t quite find enough support. Bitcoin has a market capitalisation of US$145.5 billion, the equivalent of almost 44% of the entire market.

The Ethereum (ETH) price is down 2% over the last 24 hours to US$525.07 per token, reducing its market capitalisation to US$51.7 billion. Like BTC, Ethereum pushed higher this weekend and peaked at just over US$545 per token before profit taking weighed on its performance.

The Ripple (XRP) price has fallen almost 1% since this time yesterday to 64.8 U.S. cents. XRP now has a market capitalisation of just over US$25.3 billion. On Saturday the Ripple price climbed as high as 68 U.S. cents.

Bitcoin Cash (BCH) has tumbled 3.3% over the last 24 hours to US$977.02, leaving it with a market capitalisation of US$977.02.

The Litecoin (LTC) price is down almost 2% to US$161.05, giving it a market capitalisation of close to US$9 billion.

Outside the top five there have been heavy declines for smaller altcoins such as EOS (EOS), Cardano (ADA), and NEO (NEO). These up and coming cryptocurrencies are down at least 4% over the last 24 hours.

Was there any crypto news over the weekend?

It was an eerily quiet weekend for cryptocurrencies with little by way of news flow. This left the bulls and the bears to fight it out on trading desks. So, with the crypto market about 3% higher than Friday afternoon, I would put this down as a small win for the bulls.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!