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

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS) price have sunk lower, but the TRON (TRX) price has surged higher…

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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.

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.

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