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.

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!