It has been a reasonably positive weekend for the crypto market after Friday’s meltdown.
Almost all the major coins have recovered and led to the value of the entire market climbing off 2018 lows to US$256.6 billion according to Coin Market Cap. This is a gain of approximately 6% from this time on Friday or over 10% from its lows on Saturday.
Here is the state of play on the market on Monday morning:
The Bitcoin (BTC) price has pushed 0.5% higher over the last 24 hours to US$6,381.36 per coin, giving the world’s largest cryptocurrency a market capitalisation of US$109.3 billion. Bitcoin has consolidated its position above the US$6,000 level after briefly dipping below it at the end of last week. Traders will no doubt be waiting to see if Bitcoin can break through the US$6,500 resistance level and push meaningfully higher.
The Ethereum (ETH) price is up 1.4% since this time on Sunday to US$453.28 per token. This has lifted the alt coin’s market capitalisation to US$45.5 billion.
The Ripple (XRP) price has dropped 0.2% lower over the last 24 hours to 45.8 U.S. cents, reducing its market capitalisation slightly to US$18 billion.
The Bitcoin Cash (BCH) price has raced 1.5% higher since this time yesterday to US$739.52 per token. This gain has lifted the Bitcoin offshoot’s market capitalisation to US$12.7 billion.
The EOS (EOS) price is down 0.1% over the period to US$8.12 per token. This means the EOS market capitalisation has dropped slightly to just under US$7.3 billion.
Outside the top five the gains were much stronger over the last 24 hours. Although the Litecoin (LTC) price only managed a 0.2% gain, Stellar (XLM), Cardano (ADA), and IOTA (MIOTA) have all stormed around 5% higher during this time. The Tether (USDT) price hasn’t been able to follow its peers higher, though, and has edged 0.1% lower.
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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.