MENU

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

After a bit of a profit-taking meltdown on Friday afternoon, crypto traders will be relieved to learn that the market remained reasonably steady over the weekend and further declines were avoided.

This means that the crypto market starts the week with a market capitalisation of just over US$280.7 billion according to Coin Market Cap.

While this is a 3% decline from this time on Friday morning, it is 1.5% higher than where it stood on Saturday morning.

Here is the state of play on Monday morning:

The Bitcoin (BTC) price has fallen 0.15% over the last 24 hours to US$7,412.35 per coin, reducing the crypto giant’s market capitalisation slightly to US$127.2 billion.

The Ethereum (ETH) price has fallen 1.8% over the period to US$458.53 per token, leaving it with a market capitalisation of just over US$46.2 billion.

The Ripple (XRP) price has tumbled 0.9% since this time yesterday to 45.2 U.S. cents. This decline means that XRP now has a market capitalisation of just a touch under US$17.8 billion.

The Bitcoin Cash (BCH) price has fallen 0.2% over the last 24 hours to US$792.64, reducing the Bitcoin spin off’s market capitalisation to US$13.7 billion.

The EOS (EOS) price has dropped 2.4% since this time yesterday to US$7.95, leaving the alt coin with a market capitalisation of US$7.1 billion.

Outside the five it was a similar story with just three of the top 25 coins in positive territory.

One of those three coins is Cardano (ADA) which is up 2.6% over the last 24 hours to 17.1 U.S. cents. The fledgling alt coin was given a major lift last week after being named as one of five potential new additions to the CoinBase trading platform.

Elsewhere the Stellar (XLM) price has fallen 2.9% to 28.4 U.S. cents, the Litecoin (LTC) price is off 1.6% to US$83.49, IOTA (MIOTA) is down 4% to 97.55 U.S. cents, and Tether (USDT) is flat at 99.9 U.S. cents.

Not sure about cryptos? Then take a look at this next major tech boom that could be many times bigger.

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can 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…

Including:

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!