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Crypto update: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS) sink lower

The cryptocurrency market has had a weak 24 hours of trade with declines being seen across the board.

This has reduced the value of the entire market to US$429.2 billion according to Coin Market Cap, down by just over 1.1% since this time yesterday.

Here is the state of play in the crypto market on Tuesday morning:

The Bitcoin (BTC) price has edged 0.1% lower over the last 24 hours to US$9,333.18 per coin. This leaves the world’s largest cryptocurrency with a market capitalisation of US$158.7 billion.

The Ethereum (ETH) price is off 0.2% over the period to US$679.49 per token, reducing its market capitalisation to just under US$67.4 billion.

The Ripple (XRP) price is down 1.7% since this time yesterday to 84.9 U.S. cents. This has taken Ripple’s market capitalisation to just under US$33.3 billion.

The Bitcoin Cash (BCH) price has fallen 2.7% over the last 24 hours to US$1,387.75 per token. This reduces the Bitcoin offshoot’s market capitalisation to just over US$23.7 billion.

The EOS (EOS) price has been the worst performing major crypto coin over the last 24 hours with a 13.3% decline to US$17.91 per coin. This leaves EOS with a market capitalisation of US$14.8 billion and means the popular alt coin has lost 22% of its value since peaking at US$23.00 this weekend.

Outside the top five it was a similar story with Cardano (ADA), Litecoin (LTC), Stellar Lumens (XLM), and IOTA (MIOTA) all sinking lower over the last 24 hours. Cardano was the worst of the bunch with a 5.4% decline to 34.9 U.S. cents.

There was, however, one exception. The TRON (TRX) price surged almost 16% higher during the period to 9.9 U.S. cents, lifting its market capitalisation to US$6.5 billion. Rumours of a partnership with Chinese e-commerce giant Alibaba appear to be behind the sudden surge in TRON’s price.

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