The crypto market has had a bit of a mixed 24 hours and has given back a lot of its earlier gains.
This has led to the value of the entire market remaining flat over the period at US$323.4 billion according to Coin Market Cap.
Here is the state of play on Wednesday morning:
The bitcoin (BTC) price is down 1.2% since this time yesterday to US$7,913.38 per coin, reducing its market capitalisation to US$134.4 billion. At one stage the bitcoin price was hovering around the US$8,300 mark before regulatory concerns caused a spot of panic selling. According to CNBC, New York’s Attorney General has requested information from 13 leading cryptocurrency exchanges in an effort to better understand investor risks.
The Ethereum (ETH) price has dropped 0.3% over the last 24 hours to US$503.81 per token. This reduces Ethereum’s market capitalisation to just over US$49.8 billion.
The Ripple (XRP) price has pushed 0.7% higher during the last 24 hours to 66.15 U.S. cents, lifting the popular altcoin’s market capitalisation to US$25.9 billion.
The Bitcoin Cash (BCH) price has edged 0.15% higher during the period to US$759.51, improving its market capitalisation to just under US$13 billion.
The Litecoin (LTC) price has been a big mover and is up 5.2% over the last 24 hours to US$134.21 per coin. This has given Litecoin a market capitalisation of over US$7.5 billion. The popular altcoin was given a lift after a leading Asian crypto exchange, Korbit, decided to allow its users to start trading the coin on its platform.
Outside the top five the EOS (EOS) price has pushed a sizeable 6% higher over the period to US$8.56, the Cardano (ADA) price has given back some of the strong gains it made yesterday and is up just 2.5% to 25.4 U.S. cents, and the Stellar Lumens (XLM) price has been the star performer with a 9.6% gain to 30.6 U.S. cents.
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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.