Bitcoin, Ethereum, Ripple, Bitcoin Cash and other cryptocurrencies fall.

The cryptocurrency market is currently showing red almost across the board. Here are the latest movements:

Ethereum (ETH) has fallen by more than 4% over the past day to US$404.61. This represents a fall of more than two thirds since the start of the year. Its market capitalisation now stands at US$40.9 billion. It is a long way behind Bitcoin in terms of total market capitalisation.

Bitcoin (BTC) has dropped by 4.05% during the past 24 hours to US$7,363.63. It has also lost almost two thirds of its value since December last year. Its market capitalisation is currently US$126 billion for now.

Ripple (XRP) has declined by 0.6% during the past day to US$0.44. It has fallen significantly since its all-time high of US$3.78 at the start of the year. Its market capitalisation is US$17.3 billion today as it stands.

Bitcoin Cash (BCH) has fallen by 6.5% over the past 24 hours to US$713.30. It has declined by more than 75% since its high in December 2017. Its market capitalisation now represents US$12.32 billion.

EOS (EOS) has gone backwards by 2.71% during the past 24 hours to US$7.00. Its market capitalisation has reached US$6.34 billion.

Also, during the past day: Litecoin (LTC) is down 3.33%, Stellar (XLM) is down 8.73%, Cardano (ADA) is down 9.14%, TRON (TRX) is down 7.83% and IOTA (MIOTA) is up nearly 5%.

Since the recent recovery the crypto market has begun to fall again. Unless there is a sudden huge interest from the general public in cryptocurrencies again like last Christmas I can’t see most currencies reaching their previous highs.

I’d rather put my money into an exciting software business with long-term growth like Altium Limited (ASX: ALU) or Appen Ltd (ASX: APX).

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of Altium and Appen Ltd. 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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