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

It has been a disappointing start to the week for the crypto market and declines are being seen across the board on Tuesday morning.

In fact, only three coins in the top fifty are in positive territory over the last 24 hours.

This has led to the entire value of the market dropping 2% over the period to US$291.2 billion according to Coin Market Cap.

According to Reuters, prices took a tumble after a sell-off in shares of technology and internet companies spilled over into other risky assets.

Here is the state of play this morning:

The Bitcoin (BTC) price is down 0.8% over the last 24 hours to US$8,129.61 per coin, reducing the world’s largest cryptocurrency’s market capitalisation to just under US$139.7 billion.

The Ethereum (ETH) price has dropped 2.3% since this time yesterday to US$454.53 per token, leaving the alt coin with a market capitalisation of US$45.9 billion.

The Ripple (XRP) price has fallen 1.9% over the period to 44.37 U.S. cents. This decline has left Ripple with a market capitalisation of just over US$17.4 billion.

The Bitcoin Cash (BCH) price is down 1.8% during the last 24 hours to US$809.78, reducing the Bitcoin offshoot’s market capitalisation to just under US$14 billion.

The EOS (EOS) price has been one of the worst performers during the period and is down 6.3% to US$7.74. This has left the alt coin with a market capitalisation of US$6.9 billion.

Outside the top five it was much of the same with the Stellar (XLM) price sinking 5%, Litecoin (LTC) down 1.7%, Cardano (ADA) falling 5.6%, and IOTA (MIOTA) dropping 3.5%.

The only coin in the top ten that is in positive territory during the period is the US dollar-pegged Tether (USDT). It rose slightly and returned to the top ten after the TRON (TRX) price sank a sizeable 9.5%.

The crypto market might be a little volatile over the next few days, which could mean that traders would be better off with this huge investment opportunity instead.

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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.

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