Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin sink lower

The crypto market’s strong run came to an end overnight with most major coins sinking into the red.

This has led to a drop in the value of the entire crypto market to US$286.5 billion according to Coin Market Cap, which is a 2.5% decline since this time yesterday.

Alt coins have been worst impacted during the trading period. I suspect that this is a case of profit taking after some meteoric gains in recent days.

Here is the state of play on the market on Thursday morning:

The Bitcoin (BTC) price has been one of the better performers with a decline of just 0.3% since this time yesterday to US$7,306.41 per coin. This has reduced the world’s largest cryptocurrency’s market capitalisation to US$125.35 billion.

The Ethereum (ETH) price has plunged 5.3% since this time yesterday to US$475.98 per token, leaving ETH with a reduced market capitalisation of just under US$48 billion.

The Ripple (XRP) price has been the worst performer amongst the majors with a 6.5% decline over the period to 47.8 U.S. cents. This reduces the alt coin’s market capitalisation to US$18.8 billion.

The Bitcoin Cash (BCH) price has fallen 3.2% since this time yesterday to US$824.10 per token. This decline leaves the Bitcoin spin off with a reduced market capitalisation of US$14.2 billion.

The EOS (EOS) price has dropped 3.7% over the last 24 hours to US$8.50, giving the growing alt coin a market capitalisation of US$7.6 billion.

Outside the top five the declines were even stronger, however some coins managed to push higher.

Both Stellar (XLM) and Cardano (ADA) have managed to continue their positive runs. XLM is up almost 12% and ADA has risen 2.8% during the last 24 hours. These two coins are expected to be added to the CoinBase exchange in the near future and traders have responded positively.

Elsewhere, Litecoin (LTC) has fallen 3.8% to US$86.35, IOTA (MIOTA) is down 4.8% to US$1.08, and Tether (USDT) is 0.3% lower to 99.75 U.S. cents.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!