It has been another disappointing 24 hours of trade for the cryptocurrency market.
With a sea of red being seen across the board, the entire value of the market has fallen a further 3.3% to US$244.8 billion according to Coin Market Cap.
Here is the state of play on Friday morning:
The Bitcoin (BTC) price has fallen 3.1% since this time yesterday to US$6,190.60 per coin. This has reduced the crypto giant’s market capitalisation to just under US$106.2 billion. Regulatory uncertainty and slowing trader growth appear to weighing heavily on Bitcoin and its crypto peers this week.
The Ethereum (ETH) price has dropped 2.9% over the last 24 hours to US$428.37 per token, reducing Ethereum’s market capitalisation to US$43.1 billion.
The Ripple (XRP) price is down 3.2% during the period to 43.4 U.S. cents, leaving the alt coin with a reduced market capitalisation of just over US$17 billion.
The Bitcoin Cash (BCH) has tumbled 3% lower since this time yesterday to US$682.10 per coin. This left the Bitcoin offshoot with a market capitalisation of just under US$11.8 billion.
The EOS (EOS) price has continued its sharp decline and has lost a further 4.2% over the last 24 hours to US$6.79. This latest decline means that the EOS market capitalisation has dropped to below US$6.1 billion.
Outside the top five things were just as bleak during the period. In fact, only two coins in the top 40 were in positive territory during the period.
The Litecoin (LTC) price has fallen 1.5%, the Stellar (XLM) price is down 3.1%, the Cardano (ADA) price is off 4%, and the IOTA (MIOTA) price is down 3.4%.
The only coin in the top ten in positive territory is Tether (USDT) which is up 0.2%. But as that is pegged to the U.S. dollar, it is worth noting that it moves with the greenback and not the rest of the crypto market.
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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.